CEAT Limited Injects ₹2.74 Crore into Wholly Owned Subsidiary Tyresnmore Online

Tire manufacturing giant CEAT Limited has approved a fresh capital infusion of up to ₹274 Lakhs (₹2.74 crore) into its wholly owned subsidiary, Tyresnmore Online Private Limited.

The transaction will be executed via cash subscription in Tyresnmore's upcoming rights issue.

Transaction Mechanics & Timeline

CEAT will acquire 22,447 equity shares (face value of ₹1 each, fully paid up) through normal banking remittance channels. The definitive allotment of these rights shares is expected to be finalized no later than July 31, 2026.

Because Tyresnmore is already a 100% owned subsidiary of CEAT, this transaction will not alter the parent company's stake. CEAT's shareholding and overall operational control will remain firmly at 100% post-allotment.

Growth and Financial Profile of Tyresnmore

Tyresnmore operates in the auto ancillary domain, primarily driving digital and doorstep sales of automotive tires and batteries, alongside services like wheel balancing, alignment, and product installation. Incorporated in June 2014, the New Delhi-based subsidiary has demonstrated strong top-line revenue acceleration over the last three fiscal years:

FY 2023-24: ₹2,558.64 Lakhs

FY 2024-25: ₹3,225.73 Lakhs

FY 2025-26: ₹4,329.13 Lakhs

Shares of CEAT Limited was last trading in BSE at Rs. 3862.70 as compared to the previous close of Rs. 3908.35. The total number of shares traded during the day was 6029 in over 840 trades.

The stock hit an intraday high of Rs. 3987.80 and intraday low of 3832.95. The net turnover during the day was Rs. 23636475.00.

Source : Equity Bulls

Keywords

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