Apollo Tyres has received approval for raising funds by issue of Non-Convertible Debentures (NCDs) aggregating up to Rs 1000 crore to be allotted in one or more tranches, through Private Placement, within the borrowing limits approved by the Shareholders under Section 180(1)(c) of the Companies Act, 2013, subject to approval of the Shareholders through Postal Ballot. The Board of Directors at its meeting held on November 13, 2024, inter alia, considered and approved the same. 

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.