Announced Mon, 20 Apr · 17:52 IST
CEAT invests ₹325L more in wholly-owned subsidiary Tyresnmore
CEATLTD · price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹3800.00
prior close
₹3837.40
base price
After-mkt
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+0.4+0.1+0.7+0.8-0.1-2.5-8.7-6.8-7.1-9.2-15.5-16.0-8.0-10.3
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AI summary
CEAT Limited will invest up to ₹325 Lakhs by subscribing to 26,626 equity shares of its wholly owned subsidiary Tyresnmore Online Private Limited via a rights issue. Tyresnmore sells automotive tyres, batteries, and related services. Its turnover grew from ₹1,481L in FY23 to ₹2,559L in FY24 to ₹3,226L in FY25. CEAT's shareholding in Tyresnmore remains 100% post-investment. Allotment expected by May 8, 2026.
Likely market impact
Routine capital infusion in an existing wholly owned subsidiary with no ownership change. Minor investment, signals continued support for growing digital tyre retail business.