Ceat Ltd Invests ₹274 Lakhs in Wholly Owned Subsidiary Tyresnmore

Ceat Ltd announced an investment of up to ₹274 Lakhs in Tyresnmore Online Private Limited, its wholly owned subsidiary, through a rights issue. This investment will be made by subscribing to 22,447 equity shares. Tyresnmore, which operates in the auto ancillary sector selling tyres and providing related services, had a turnover of ₹4,329.13 Lakhs as of March 31, 2026. The transaction is considered a related party transaction but is conducted at arm's length. Ceat's shareholding in Tyresnmore will remain at 100% post-investment. The shares are expected to be allotted by July 31, 2026, with the consideration paid in cash.