 "Apollo Tyres gains after Hungary secures EU nod to offer aid")
According to reports, Hungary has gained regulatory approval from the European Union to grant 95.7 million euros in aid to Apollo Tyres for the construction of a tyre plant.
Hungary is offering a direct grant of 48.2 million euros, an employment grant of 2.8 million euros and tax allowances of about 44.7 million euros for the new facility which will lead to a creation of 975 jobs.
The stock opened at Rs 212 and touched a high of Rs 217 as of now. Over 550,000 shares were traded on both the stock exchanges so far.
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