CEAT has approved an investment up to Rs 2.74 crore by way of subscription in Rights Issue of equity shares of Tyresnmore Online (Tyresnmore), a wholly owned subsidiary of the company. 22,447 Equity shares pursuant to the current investment would be allotted to the company by Tyresnmore latest by July 31, 2026. With the proposed current investment, the company’s shareholding in Tyresnmore 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.
