Apollo Tyres raises Rs 300 cr via NCDs

Apollo Car tyres about Feb 5th said it offers brought up Rs Three hundred crore through providing non-convertible debentures (NCDs) on a exclusive positioning schedule.

With a achieving held, the particular panel associated with directors-NCDs has allocated non-convertible debentures (NCDs) on a private position schedule aggregating to Players 3 hundred crore, Apollo Car tyres stated within a regulatory filing.

The present problem is with regard to allotment of 3,000 NCDs of face price of Urs 10,50,1000 every single aggregating in order to Players More than 200 crore, it included.

The business, nonetheless, would not share further specifics.

Stocks of Apollo Old tyres nowadays finished 3.24 per cent upward with Rs 213.12 each upon BSE.


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