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Apollo Tyres Cuts Kanwars’ Pay After Shareholder Rebuff 

Apollo Tyres cuts promoters pay after shareholder dissent.

Yatin Mota
Neeraj Kanwar of Apollo Tyres. (Source: Company)

Apollo Tyres Ltd. cut Chairman Onkar Kanwar and his son and Vice-Chairman Neeraj Kanwar’s pay after shareholders rejected Neeraj’s reappointment as managing director in a rare rebuff for a promoter in India.

Also Read: Shareholders Reject Neeraj Kanwar’s Re-Appointment As Apollo Tyres Managing Director

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