CEAT Limited has announced an investment of up to ₹460 Lakhs (₹4.6 Crore) through a rights issue subscription in its wholly-owned subsidiary, Tyresnmore Online Private Limited. This strategic capital infusion is aimed at strengthening Tyresnmore’s operations and supporting its growth in the online automotive tyre market. The investment underscores CEAT’s commitment to expanding its digital footprint and enhancing its direct-to-consumer offerings.
Strategic Investment in Online Operations
CEAT Limited has officially approved a significant investment of up to ₹460 Lakhs, equivalent to Rupees Four Hundred Sixty Lakhs, by way of subscription in the Rights Issue of its wholly-owned subsidiary, Tyresnmore Online Private Limited. This capital infusion is a strategic move to bolster the subsidiary’s operations and market presence.
Tyresnmore Online: Growth and Business Overview
Tyresnmore Online Private Limited, a private company incorporated on June 2, 2014, operates from New Delhi, India. The company is primarily engaged in the business of selling automotive tyres, accessories, and providing associated services such as installation, fitting, wheel balancing, and wheel alignment. As of March 31, 2026, Tyresnmore reported a turnover of INR 4,329.13 Lakhs. The company has projected significant turnover growth, with estimates of INR 2,558.64 Lakhs for FY 2023-24, INR 3,225.73 Lakhs for FY 2024-25, and INR 4,329.13 Lakhs for FY 2025-26.
Investment Details and Shareholding
CEAT Limited’s investment will be in the form of cash consideration, totaling up to ₹460 Lakhs, for the subscription of 37,686 equity shares of Tyresnmore. Each share has a face value of Re.1/-, fully paid up. This investment will not alter CEAT Limited’s existing 100% shareholding in Tyresnmore Online Private Limited, reinforcing its complete ownership and control over the subsidiary. The allotment of these equity shares is expected to be completed by October 7, 2026.
Related Party Transaction and Arm’s Length
While the investment falls under the purview of related party transactions as per the Companies Act, 2013, and SEBI regulations, it is confirmed to be conducted at an arm’s length. The Promoter/promoter group/group companies of CEAT Limited do not have any separate interest in Tyresnmore beyond CEAT’s wholly-owned subsidiary status.
Source: BSE
