Apollo Tyres Allots ₹500 Crore NCDs; Shares Fall 0.17%

Mumbai, September 30: Apollo Tyres has allotted ₹500 crore worth of secured, listed, rated, redeemable non-convertible debentures (NCDs) through a private placement, as the tyre maker looks to raise funds from the debt market.

According to the exchange filing, the company’s Committee of Directors-NCDs approved the allotment of 50,000 NCDs with a face value of ₹1 lakh each, aggregating to ₹500 crore.

The NCDs have been issued on a private placement basis and are proposed to be listed on the National Stock Exchange of India. The securities are secured, rated, listed, redeemable and non-convertible in nature.

The date of allotment is September 30, 2026, while the maturity date has been set for September 28, 2029.

Stock Market Snapshot

The Apollo Tyres share price stood at ₹406.05 as of 3:12:07 PM IST on September 30, 2026.

The stock was down ₹0.70, or 0.17%, at the time. Shares remained largely range-bound through much of the afternoon session before ending the displayed period near ₹406.

The share price movement came on the same day that Apollo Tyres disclosed the ₹500 crore NCD allotment.

NCDs Carry 7.81% Annual Interest

The newly allotted debentures carry an interest rate of 7.81% per annum, with interest payable annually. The principal will be repaid through bullet repayment at maturity.

The debentures will be secured through a first pari-passu charge over specified tangible movable fixed assets of the company, subject to certain exclusions. Apollo Tyres is required to maintain a security cover of 1.25 times on the book value basis.

The filing also specifies a penal interest rate of 1% per annum in case of delayed payment of interest or principal beyond the stipulated period.

Apollo Tyres Debt Issue Details

The ₹500 crore issuance forms part of Apollo Tyres’ debt-market funding programme. The company has classified the securities as secured redeemable NCDs, with the issue carrying a three-year maturity period from the allotment date.

The NCDs are expected to be listed on the NSE, giving the privately placed securities a listed status while retaining their debt-market structure.

The company’s Committee of Directors-NCDs met on September 30, 2026, with the meeting beginning at 2:15 PM and concluding at 2:40 PM, according to the filing.

Conclusion

Apollo Tyres has completed the allotment of 50,000 secured NCDs worth ₹500 crore through private placement. The debentures carry a 7.81% annual interest rate and are scheduled to mature on September 28, 2029.

The securities are proposed to be listed on the NSE and will be secured by a first pari-passu charge over specified tangible movable fixed assets, subject to the disclosed terms. The Apollo Tyres share price stood at ₹406.05 as of 3:12:07 PM IST on September 30, 2026, down ₹0.70 or 0.17%.

Source:

• https://www.nseindia.com/get-quote/equity/APOLLOTYRE/Apollo-Tyres-Limited
• https://nsearchives.nseindia.com/corporate/APOLLOTYRE1_30092026145648_allotmentintimation.pdf