CEAT is planning to raise funds through issuance of Non-convertible Debentures (NCDs) on private placement basis. A meeting of the Board of Directors of the company is scheduled to be held on September 25, 2020, through audio-visual means, to consider and approve 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.