Ceat Invests ₹4.6 Crore In Tyresnmore Online Through Rights Issue
Mumbai: Ceat Ltd on Wednesday announced an investment of up to ₹4.6 crore (₹460 lakh) in its wholly-owned subsidiary, Tyresnmore Online Private Limited . The investment, approved on 23 September 2026, will be made through a subscription in a rights issue of equity shares. Investment Details Ceat will subscribe to 37,686 equity shares of Tyresnmore, each with a face value of ₹1, for a total…
Mumbai-based Ceat Ltd has invested up to ₹4.6 crore in its wholly-owned subsidiary Tyresnmore Online Private Limited through a rights issue of equity shares. The investment was approved on September 23, 2026 and will be completed by October 7, 2026. Tyresnmore, incorporated in June 2014, is an auto ancillary company that specializes in selling automotive tyres, accessories, and providing related services. The investment will increase Ceat's shareholding in Tyresnmore to 100%.
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