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.
Nifty ends above 8,600; Tata Motors, RIL top leaders
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
HDFC and Infosys contribute the most to today's rally.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Markets shrugged off RBI's neutral stance on key policy rates.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Turns down firm's plea for stay on CCI order; final order pending