The company said its board has approved raising of Rs 100 crore through issuance of non-convertible debentures on a private placement basis.
Tyre maker MRF on Tuesday reported 53.99 per cent decline in consolidated net profit at Rs 189.06 crore for the second quarter ended September 30, 2021
Analysts at Anand Rathi Research are positive on the outlook for the company as demand in TBRs, PCRs and two wheelers has started to pick up
The tyre maker relies on its association with the customer to build a new brand in a new category
MRF, Balkrishna Ind, TVS Srichakra, Ceat, Apollo Tyres, Goodyear India and JK Tyre were up 1% to 3%