Stel Holdings Limited has informed the Exchange regarding 'STEL HOLDINGS LIMITED HAS PURCHASED 14880 SHARES OF CEAT LIMITED'.
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Stel Holdings Limited, an unregistered Core Investment Company and part of the promoter group of CEAT Limited, purchased 14,880 equity shares of CEAT on March 5, 2026 through open market trades. The total cost of acquisition was approximately Rs. 5 crore at roughly Rs. 3,351 per share. This represents just 0.037% of CEAT's share capital, and Stel already held 3.71% in CEAT prior to this purchase. CEAT is a leading Indian tyre manufacturer with consolidated FY24-25 revenue of Rs. 13,217.87 crore and presence in over 110 countries. The transaction was a cash deal done at arm's length market price and required no regulatory approvals.
This is a minor, routine increase in an existing promoter group holding in CEAT and is unlikely to materially impact either stock. It signals continued promoter group confidence in CEAT but does not change control or strategy.