MoneyWorks4Me

Apollo Tyres raises Rs 500 crore via NCDs

09 Apr 2020 Evaluate

Apollo Tyres has raised Rs 500 crore and allotted 5,000 Non Convertible Debentures (NCDs) of face value of Rs 10,00,000 each on a private placement basis. The ‘Committee of Directors?NCDs’ at its meeting held on April 9, 2020, has allotted and 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 125528.60
Apollo Tyres 411.80
JK Tyres & Inds. 349.55
Ceat 3468.20
Balkrishna Inds. 2267.75
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