Satya Easwaran to be replaced with Badri Srinivasan.
The amount will be used to fund the payout for the voluntary retirement scheme (VRA), which is likely to cost over Rs 200 crore.
Rosneft is Russia's biggest oil producer.
Brent crude futures were up 42 cents, or 0.5%, to $79.07 a barrel.
The company supplies its products to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre, paint, footwear and cosmetics manufacturers in India
Investment made under PLI scheme.
Brent crude futures decreased 2 cents to $78.10 a barrel.
Non-convertible debentures (NCDs) are fixed income securities that is listed with stock exchanges, like BSE and NSE in India.
The valuation of the company was estimated to be up to $3 billion.
Brent crude futures were up 33 cents, or 0.4%, to $75.32 a barrel.