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MRF to raise Rs 102 crore through NCDs

08 Nov 2019 Evaluate

MRF has received approval for raising funds by way of issuance of Non-Convertible Debentures (NCDs) on private placement basis aggregating to an amount not exceeding Rs 102 crore in one or more tranches. The Board of Directors of the Company at its meeting held on November 08, 2019 has approved the same.

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles. The company offers tyre shopping, tyredrome and tyre maintenance services. It also provides an institute for driver development.

Peers
Company Name CMP
MRF 122450.00
Apollo Tyres 402.15
JK Tyres & Inds. 340.05
Ceat 3384.65
Balkrishna Inds. 2001.60
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