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Apollo Tyres zooms on getting nod to raise Rs 1000 crore via NCDs

14 Nov 2024 Evaluate

Apollo Tyres is currently trading at Rs. 476.35, up by 20.00 points or 4.38% from its previous closing of Rs. 456.35 on the BSE.

The scrip opened at Rs. 448.45 and has touched a high and low of Rs. 478.55 and Rs. 448.45 respectively. So far 115337 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 584.65 on 26-Sep-2024 and a 52 week low of Rs. 414.00 on 24-Nov-2023.

Last one week high and low of the scrip stood at Rs. 499.95 and Rs. 448.45 respectively. The current market cap of the company is Rs. 29659.21 crore.

The promoters holding in the company stood at 37.36%, while Institutions and Non-Institutions held 41.68% and 20.96% respectively.

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

413.50 10.80 (2.68%)
06-May-2026 14:57 View Price Chart
Peers
Company Name CMP
MRF 130535.00
Apollo Tyres 413.50
CEAT 3354.90
Balkrishna Inds. 2236.20
JK Tyres & Inds. 414.90
View more..

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