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Apollo Tyres raises Rs 450 crore through NCDs

The company has allotted 4,500 NCDs of face value of Rs 10 lakh each

Apollo Tyres has raised Rs 450 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The company has allotted 4,500 NCDs of face value of Rs 10 lakh each.

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.

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