Announced Wed, 8 Jul · 17:51 IST
CEAT invests up to Rs 274 lakh in wholly owned subsidiary Tyresnmore
Strategic Transactions View source PDF
CEATLTD · price
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AI summary
CEAT Limited will invest up to Rs 274 lakh by subscribing to a rights issue of 22,447 equity shares in Tyresnmore Online Private Limited, its wholly owned subsidiary. Tyresnmore sells automotive tyres, batteries and provides related services. Its turnover grew from Rs 2,558.64 lakh in FY24 to Rs 4,329.13 lakh in FY26. Post-investment, CEAT's holding remains 100%. Allotment expected by July 31, 2026.
Likely market impact
Capital infusion in wholly owned subsidiary signals continued support for Tyresnmore's growth. Minor impact on CEAT stock as internal allocation.