Overseas investor has bought equity shares worth of Rs 13 crore of Ceat though open market. MV SCIF Mauritius, part of US-based asset management company Van Eck Associates Corporation has purchased 218,398 shares of Ceat at a price of Rs 575.11 per share.
As of March, 31, 2014, the promoters holding in the company stood at 57.11% while institutions and non-institutions held 15.20% and 27.69% stake in the company, respectively.
CEAT is among the best tyre manufacturers in India. Besides tyres, the company also manufactures and markets tubes and flaps. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks.
