MRF has received approval from board of directors for raising of funds by way of issuance of Non-Convertible Debentures (NCDs) on private placement basis aggregating to an amount not exceeding Rs 1000 crore in one or more tranches, and have authorised the Finance Committee of the Company to determine the detailed terms and conditions thereof and the same will be informed to Stock Exchanges as and when finalised. The board of directors at its meeting held on February 11, 2021 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.
