Apollo Tyres raises Rs 300 cr via NCDs

21/10/2016 17:11

Apollo Tyres on Friday said it has raised Rs 300 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

At a meeting held, the committee of directors-NCDs has allotted non-convertible debentures (NCDs) on a private placement basis aggregating to Rs 300 crore, Apollo Tyres said in a regulatory filing.

The present issue is for allotment of 3,000 NCDs of face value of Rs 10,00,000 each aggregating to Rs 300 crore, it added.

The company, however, did not share further details.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s