said in its statement.
"Cooper's efforts to establish control over its subsidiary's operations and to assert Cooper's rights against its JV partner, Apollo cannot be responsible for Cooper's failures to do so," it added.
The two companies declined further comment when contacted by Reuters.
Shares in Apollo gained as much as 3.8 percent on Monday on growing uncertainty about the status of the deal. Apollo shares have struggled since announcing the deal earlier this year as the Indian tyre maker plans to fund the acquisition entirely through debt.