CEAT Limited has approved an investment of up to ₹361 Lakhs in its wholly-owned subsidiary, Tyresnmore Online Private Limited, via a rights issue of equity shares. This investment aims to further support Tyresnmore’s operations in the automotive tyre and service sector. The investment will maintain CEAT’s 100% shareholding in Tyresnmore, reinforcing its commitment to the online tyre business.
Further Investment in Subsidiary
CEAT Limited is set to invest up to ₹361 Lakhs in Tyresnmore Online Private Limited, a wholly-owned subsidiary. This investment will be made through subscription to a rights issue of equity shares. The decision underscores CEAT’s commitment to supporting and expanding the operations of Tyresnmore.
Details of the Investment
The investment involves subscribing to 29,575 equity shares of Tyresnmore. This move is intended to provide additional capital to the subsidiary for its ongoing business activities. The subscription is expected to be completed by February 16, 2026.
Tyresnmore’s Business Overview
Tyresnmore is involved in the sale of automotive tyres, accessories, and related services. It offers services such as fitting, wheel balancing, and wheel alignment. Tyresnmore’s revenue for the last three financial years is as follows:
- FY 2022-23: ₹1,481.15 Lakhs
- FY 2023-24: ₹2,558.64 Lakhs
- FY 2024-25: ₹3,225.73 Lakhs
Impact on Shareholding
Following this investment, CEAT Limited will continue to hold 100% of the shares in Tyresnmore, ensuring its full control and continued strategic alignment.
Source: BSE
