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.