CEAT Limited has informed the Exchange about further investment in Tyresnmore Online Private Limited
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CEAT Limited has approved an additional investment of up to ₹355 Lakhs in its wholly owned subsidiary Tyresnmore Online Private Limited by subscribing to a rights issue of 29,084 equity shares. After this investment, CEAT's shareholding in Tyresnmore will remain at 100%, meaning no new ownership is being acquired. Tyresnmore operates in the auto ancillary segment, selling tyres, batteries, and offering related services. The subsidiary has shown strong revenue growth, with turnover rising from ₹1,481 Lakhs in FY23 to ₹2,564 Lakhs in FY24 and ₹3,226 Lakhs in FY25. The shares are expected to be allotted by July 31, 2025. The transaction is at arm's length and qualifies as a related party transaction since Tyresnmore is a wholly owned subsidiary.
This is a routine capital infusion of about ₹3.55 crore into an already wholly owned subsidiary, with no change in ownership or control. The impact on CEAT shareholders is minimal and primarily signals continued support for the growth of its digital tyre retail arm.