APOLLO TYRES: RAISES ₹500 CRORE THROUGH NCD ISSUANCE

APOLLO TYRES: RAISES ₹500 CRORE THROUGH NCD ISSUANCE

• Apollo Tyres has raised ₹500 crore through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. • The NCDs are secured, listed and redeemable, with a face value of ₹1,00,000 each. • The allotment date is September 30, 2026, with maturity scheduled for September 28, 2029. • The NCDs carry a coupon/interest rate of 7.81% per annum, payable annually. • The securities are secured by a first pari-passu charge over the company’s tangible movable fixed assets. Impact: Positive — The ₹500 crore fundraise strengthens Apollo Tyres’ liquidity and provides additional funds for business operations and growth initiatives.