Ceat is seeking approval to increase the present limit of Foreign Institutional Investors (FIIs) shareholding in the company from 24% to 45% of the paid up equity share capital of the company. The company is proposing to seek approval of the shareholders.
Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.
