Apollo Tyres raises Rs 500cr through private placement of NCDs

Apollo Tyres raises Rs 500cr through private placement of NCDs The date of allotment is April 9, 2020 while the same for maturity is April 9, 2030 and the interest rate is at 8.75 percent per annum, the company said, adding penal interest for delay of payment is pegged at 2 percent per annum.

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