Apollo Tyres Allots ₹500 Cr NCDs

Apollo Tyres Ltd has announced the allotment of Non-Convertible Debentures (NCDs) aggregating to ₹500 Crores on a private placement basis. The allotment was made by the "Committee of Directors‐NCDs" on September 30, 2026. The NCDs are secured, listed, rated, and redeemable with a tenure of approximately three years, maturing on September 28, 2029. The coupon rate offered is 7.81% per annum, payable annually. These debentures will be secured by a first pari-passu charge on the company's tangible movable fixed assets. Penal interest of 1% per annum applies in case of delayed payment. The issue size is ₹500 Crores, with 50,000 NCDs of face value ₹1,00,000 each. The NCDs are proposed to be listed on the National Stock Exchange of India Ltd. (NSE).