India’s Apollo Tyres board to mull possible nonconvertible debt issue

By Tali Rackner

Minneapolis, May 4 – Apollo Tyres Ltd. informed the Bombay Stock Exchange that its board will meet on May 10 to discuss whether to seek shareholder authorization to issue nonconvertible debentures.

The debentures would be issued by private placement, according to a notice.

The tire manufacturer is based in Haryana, India.

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