Ceat Ltd

CEAT Invests ₹325 Lakhs in Tyresnmore Subsidiary 📈

• CEAT Limited invests ₹325 lakhs in wholly-owned subsidiary Tyresnmore Online Private Limited

• Investment made through rights issue subscription for 2,626 equity shares at face value Re.1 each

• Tyresnmore operates in auto ancillary sector selling automotive tyres, batteries and related services

• Tyresnmore's turnover grew from ₹1,481.15 lakhs in FY2022-23 to ₹3,225.73 lakhs in FY2024-25

• CEAT's shareholding remains 100% after this investment