MoneyWorks4Me

CEAT informs about disclosure

25 Sep 2023 Evaluate
CEAT has informed that the Company has invested ? 7,49,99,767/- (Rupees Seven Crore Forty-nine Lacs Ninety-nine Thousand Seven Hundred Sixty-seven only) in the equity shares of Tyresnmore Online Private Limited (Tyresnmore), a wholly owned subsidiary of the Company by way of subscription to Right Issue. Being a wholly owned subsidiary, there is no change in the shareholding percentage of the Company in Tyresnmore, pursuant to this investment. Details required as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1 /P/CI R/2023/123 dated July 13, 2023 are enclosed as Annexure – A.

The above information is a part of company’s filings submitted to BSE.

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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