Apollo Tyres wins relief as ₹2,791 million tax litigation quashed

Apollo Tyres has announced that litigation involving a tax demand of ₹2,791 million has been quashed, removing a major contingent liability overhang. The favourable outcome eases regulatory risk and strengthens the company’s balance sheet, though it does not immediately alter operations. Investors may view the development as earnings- and valuation-supportive.

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