MoneyWorks4Me

Ceat gets nod to raise funds up to Rs 500 crore through NCDs

25 May 2015 Evaluate

Ceat has received an approval to issue non-convertible debentures (NCDs) amounting up to Rs 500.00 crore in one or more tranches, subject to approval of members of the company. The board of directors at their meeting held on May 22, 2015 has approved for the same.

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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