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CEAT raises Rs 150 crore via NCDs

20 Sep 2022 Evaluate

CEAT has raised Rs 150 crore through the allotment of Non-Convertible Debentures (NCDs) on a Private Placement basis. The Board of Directors of the company at its meeting held on September 19, 2022, has allotted 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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