Apollo Tyres allots Rs 500 Cr NCDs via private placement
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.9 pts less than Nifty Midcap 150 and 2.8 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Apollo Tyres has allotted 50,000 secured, listed, rated, redeemable Non-Convertible Debentures on private placement basis, aggregating Rs 500 Crores (face value Rs 1,00,000 each). Coupon is 7.81 percent per annum, payable annually. Tenure is about 3 years, from September 30, 2026 to September 28, 2029. Listed on NSE. Secured by first pari-passu charge on movable fixed assets with 1.25x security cover. Bullet repayment on maturity, no premium or discount.
Adds Rs 500 Cr of debt at competitive rate; no equity dilution, but increases interest obligations and leverage.