CCI clears CEAT of bid-rigging allegations in STU tender matter

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹3530.50

prior close

₹3571.80

announcement price

After-mkt

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Nifty Smallcap 250market+0.6%+1.0% vs market

Tyres & Rubber Products peers, median of 16sector+0.7%+0.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 0.8 pts more than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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Sessions after the filingfrom the prior close

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Reaction day

+1.6+0.6+1.0+0.7+0.8

Next day

-0.7+0.5-1.1+0.3-1.0

-0.6+0.8-1.4-0.2-0.4

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-5.7+0.7-6.4-1.8-3.9

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-11.3-9.7-1.6-11.2-0.1

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UpDownMarket · Nifty Smallcap 250Sector · Tyres & Rubber Products peers, median of 16Pending

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AI summary

The Competition Commission of India has passed an order dated August 21, 2026, finding no contravention on CEAT's part in an alleged bid-rigging matter related to procurement tenders of State Transport Undertakings. The matter pertains to the year 2019. CEAT has been cleared with no penalty imposed.

Likely market impact

Positive outcome. Regulatory overhang from a 2019 bid-rigging allegation has been removed, with no penalty or action against CEAT.