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Ceat invests Rs 300 lakh in Tyresnmore Online

22 Dec 2023 Evaluate

Ceat has invested Rs 300 lakh in the equity shares of Tyresnmore Online, a wholly owned subsidiary of the Company by way of subscription to Right Issue. The company’s shareholding post this investment remains 100%. 

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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