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Apollo Tyres gets nod to raise Rs 1000 crore via NCDs

14 Nov 2024 Evaluate

Apollo Tyres has received approval for raising funds by issue of Non-Convertible Debentures (NCDs) aggregating up to Rs 1000 crore to be allotted in one or more tranches, through Private Placement, within the borrowing limits approved by the Shareholders under Section 180(1)(c) of the Companies Act, 2013, subject to approval of the Shareholders through Postal Ballot. The Board of Directors at its meeting held on November 13, 2024, inter alia, considered and approved 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.


Apollo Tyres Share Price

454.25 -1.05 (-0.23%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 138773.80
Apollo Tyres 454.25
Ceat 3914.50
Balkrishna Inds. 2253.85
JK Tyres & Inds. 413.60
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