Acquisitions23 Jan 2026, 11:02 am
STEL Holdings Ltd Acquires 18,850 Shares of CEAT Ltd for Approximately Rs. 7 Crores
AI Summary
STEL Holdings Ltd, an unregistered core investment company and a promoter group company of CEAT Ltd, has acquired 18,850 equity shares of CEAT Ltd through market purchase. The total cost of acquisition is approximately Rs. 7 crores, with each share priced at around Rs. 3713. The acquisition was done in the ordinary course of business and does not require any governmental or regulatory approvals. STEL Holdings Ltd, which holds 3.66% shares of CEAT Ltd, aims to strengthen its position in the automotive tyres, tracks, tubes, and flaps industry.
Key Highlights
- STEL Holdings Ltd acquires 18,850 shares of CEAT Ltd for approximately Rs. 7 crores.
- The acquisition was done through market purchase at prevailing market price.
- STEL Holdings Ltd is an existing shareholder of CEAT Ltd, holding 3.66% of its shares.
- The acquisition is made in the ordinary course of business and does not require any governmental or regulatory approvals.
- CEAT Ltd is a leading tyre brand with a turnover of Rs. 13217.87 crores in FY 2024-25.
Price Impact
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