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Apollo Tyres to raise funds worth Rs 1,000 crore via NCDs

18 Apr 2020 Evaluate
Apollo Tyres has received an approval for the issue of non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 1,000 crore. The company's board at its meeting held on April 17, 2020, considered 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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