Apollo Tyres Set To Revive Bharat Steel Tubes

Sources said BST had gradually forfeited its stake in Apollo Tyres before it was closed down after defaulting on the repayment of loans taken by pledging shares of Apollo Tyres.

At present, Apollo Tyres is virtually controlled by Raunaq Singh's son, Onkar S Kanwar, who holds about 25 per cent of the company's equity and is the vice-chairman and managing director.

Though Raunaq continues to be the company's