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.