Investment23 Sept 2026, 04:18 pm
CEAT Invests ₹46 Cr in Wholly Owned Subsidiary Tyresnmore
AI Summary
CEAT Limited has approved an investment of up to ₹460 Lakhs (₹46 Crores) through a Rights Issue in its wholly owned subsidiary, Tyresnmore Online Private Limited. This investment will maintain CEAT's 100% shareholding in Tyresnmore, which is involved in selling automotive tyres and providing ancillary services. The transaction is considered a related party transaction but is conducted at arm's length. Tyresnmore reported a turnover of INR 4,329.13 Lakhs as of March 31, 2026.
Key Highlights
- CEAT invests up to ₹46 Cr in subsidiary Tyresnmore via Rights Issue.
- Maintains 100% shareholding in the wholly owned subsidiary.
- Tyresnmore's turnover was INR 4,329.13 Lakhs as of March 31, 2026.
- Transaction is at arm's length, classified as a related party transaction.
Price Impact
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