CEATLTD: CEAT Limited has informed the Exchange about further investment in Tyresnmore Online Private Limited
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Awaiting price reaction for this filing.
CEAT Limited has approved an additional investment of up to ₹340 Lakhs by subscribing to 27,855 equity shares (face value Re. 1 each) of Tyresnmore Online Private Limited through a rights issue. Tyresnmore is already a 100% wholly-owned subsidiary of CEAT, and its shareholding will remain 100% even after this investment. Tyresnmore is in the auto ancillary business (selling automotive tyres, batteries, and providing fitting/alignment services) and has shown strong turnover growth — from ₹1,481.15 Lakhs in FY23 to ₹3,225.73 Lakhs in FY25. The share allotment is expected by November 24, 2025, and the transaction is a related party deal conducted at arm's length.
This is a routine capital infusion into an existing wholly-owned subsidiary and is unlikely to materially impact the stock price. It signals continued support for CEAT's auto ancillary/retail distribution arm, which has more than doubled its turnover over the past two years.