Amansa Holding Pte has increased its stake in tyre major Ceat to over 5 per cent by acquiring 1.17 per cent stake. Singapore-based fund management company has acquired 4,75,000 shares of the tyre maker through secondary market purchase.
Before acquiring the 1.17 per cent stake on September 23, the fund management firm had 16,24,884 shares in Ceat, constituting 4.02 per cent stake.
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.
