MoneyWorks4Me

CEAT planning to raise funds through issuance of NCDs

22 Sep 2020 Evaluate

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.

Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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