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Apollo Tyres raises Rs 500 crore via NCDs

13 Sep 2022 Evaluate

Apollo Tyres has raised Rs 500 crore through the allotment of Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) on a Private Placement basis. The Committee of Directors?NCDs at its meeting held on September 13, 2022, has allotted 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 126699.85
Apollo Tyres 416.55
JK Tyres & Inds. 360.30
Ceat 3509.75
Balkrishna Inds. 2390.00
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