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MRF gets nod to raise Rs 100 crore via NCDs

10 Aug 2022 Evaluate

MRF has received approval for raising funds by way of issuance of Non-Convertible Debentures (NCDs) on private placement basis aggregating to an amount not exceeding Rs 100 crore in one or more tranches. The board of directors at their meeting held on August 09, 2022 has approved the same.

MRF is engaged in the manufacturing, distribution and sale of tyres for various kinds of vehicles.

Peers
Company Name CMP
MRF 124570.90
Apollo Tyres 405.95
JK Tyres & Inds. 355.25
Ceat 3433.10
Balkrishna Inds. 2198.45
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