Supreme Tex Mart Ltd (BSE:531934) may acquire Apple Insurance Incorporate Ltd. The company will hold a Board meeting to consider acquisition of Apple Insurance. The company stated that Board of Directors of the company, on January 19, 2015 will consider proposal for Apple Insurance Incorporate for acquisition of 24% holding in the company by way of preferential allotment for 15% voting rights in equity shares for $1 per share (approximately INR 67 per share) and remaining from the open market purchase at prevailing rates. Share price of the company rose 5%.