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Ceat to increase FIIs stake to 45%

21 Oct 2014 Evaluate

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.

Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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