Apollo revises bid to acquire Modi Rubber

Two years after its first overtures, Apollo Tyres has revised its bid to acquire the tyre plant of Modi Rubber Ltd. "We have today written to the creditors of the company saying we are interested......

VK Modi wins battle for Modi Rubber

B K Modi's last-ditch bid to wrest ownership control of Modi Rubber by bettering his offer seems to have failed, with financial institutions having a combined 44 per cent stake in the company......

Continental takes over Modi Tyre company

The world's fourth largest tyre manufacturer Continental has taken over full control of India's Modi Tyres Companyin an all-share deal valued at 18.6 million euros.The acquisition of the subsidiary......

Modi Tyre revives JV with German firm

Modi Tyre Company, a subsidiary of V K Modi-controlled Modi Rubber, has revived its technical and branding joint ventureagreement with Germany-based Continental Tyres. The company has invested......