Ceat has received approval for issuance of listed/unlisted, secured/unsecured, redeemable Non-Convertible Debentures (NCDs) or such other debt securities, on a private placement basis, in one or more series/ tranches, up to an amount of Rs 500 crore. The Board of Directors of the company at its meeting held on July 25, 2023, has approved 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.
