MoneyWorks4Me

MRF raises Rs 150 crore through NCDs

27 Feb 2023 Evaluate

MRF has raised Rs 150 crore through allotment of 15,000 listed, unsecured, rated, redeemable, taxable, non-convertible debentures (NCDs) each having a face value of Rs 1,00,000 on a private placement basis. Date of maturity of the said NCDs will be on February 24, 2026.

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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