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Apollo Tyres gets nod to raise Rs 5,000 million via NCDs

05 Nov 2019 Evaluate

Apollo Tyres has received an approval to issue Non-Convertible Debentures (NCDs) on private placement basis aggregating to Rs 5,000 million to be allotted, in one or more tranches, within the limits approved by the shareholders in the Annual General Meeting held on July 31, 2019.The Board of Directors of the company at its meeting held on November 05, 2019, approved the same.

Apollo Tyres is one of the leading tyre manufacturers in India with its product portfolio spread across tubeless and tube type tyres for cars, suvs, trucks, buses etc.

Peers
Company Name CMP
MRF 116807.45
Apollo Tyres 379.70
JK Tyres & Inds. 302.00
Ceat 3090.55
Balkrishna Inds. 2072.30
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