Goodyear India is set to enter the Rs 1,000-crore (Rs 10 billion) plus tyre companies club on the back of new retail forays and healthy sales, which are expected to grow by 17 to 18 per cent this fiscal.
Not many are keen on diluting further promoter stake and delisting attempts do not have an impressive record in the country.
Goodyear Tyre & Rubber Company will invest $30 million to ease the debt burden of its Indian arm.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Turns down firm's plea for stay on CCI order; final order pending
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