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Ceat plans to raise Rs 250-300 crore from private equity firms

08 Apr 2015 Evaluate

Ceat is planning to raise Rs 250-300 crore from private equity firms. In this regard, the company has mandated Kotak Investment Banking as advisor. The company will use the proceeds for expanding its off-roading products portfolio.

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 123284.50
Apollo Tyres 401.55
JK Tyres & Inds. 339.55
Ceat 3285.15
Balkrishna Inds. 2067.10
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