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Ceat raises Rs 400 crore through QIP

28 Nov 2014 Evaluate

Ceat, one of India’s leading tyre manufacturing companies, has raised Rs 400 crore through a qualified institution placement (QIP). The funds will be used for capacity expansion. The company will issue 44,94,382 equity shares at a price of Rs 890 per equity share.

Earlier, the company’s Board of Directors had approved an investment of Rs. 420 crore for setting up a plant for manufacture of 2-3 wheeler tyres with a capacity of 120 metric tonnes per day.

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.

Ceat Share Price

3512.85 0.20 (0.01%)
28-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 132168.34
Apollo Tyres 443.55
Ceat 3512.85
JK Tyres & Inds. 379.95
Balkrishna Inds. 2338.85
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