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Apollo Tyres allots NCDs of worth Rs 500 crore

19 May 2020 Evaluate
Apollo Tyres has allotted Non-Convertible Debentures (NCDs) on a Private Placement basis aggregating to Rs 500 crore. The Committee of Directors?NCDs was held on May 18, 2020.

The NCDs will be listed on National Stock Exchange of India (NSE).

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 125001.55
Apollo Tyres 409.15
JK Tyres & Inds. 348.30
Ceat 3395.00
Balkrishna Inds. 2217.35
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