CEAT Limited has approved an additional investment of up to ₹340 Lakhs in its wholly-owned subsidiary, Tyresnmore Online Private Limited. This investment will be made through the subscription of rights issue equity shares. This move aims to further support Tyresnmore’s growth and expansion in the automotive tyre sales and services sector, while maintaining 100% ownership.
Additional Capital Infusion into Subsidiary
CEAT Limited has decided to further strengthen its investment in its wholly owned subsidiary, Tyresnmore Online Private Limited, with an approved investment of up to ₹340 Lakhs. The decision, announced on November 5, 2025, will facilitate Tyresnmore’s continued expansion.
Investment Details
The investment will take the form of subscribing to a rights issue of equity shares of Tyresnmore. Specifically, CEAT Limited will be allotted 27,855 equity shares. It is expected that the equity shares will be allotted to CEAT by November 24, 2025.
Tyresnmore Overview
Tyresnmore Online Private Limited, incorporated on June 2, 2014, operates in the auto ancillary sector, focusing on selling automotive tyres, batteries, and related services. Key financial figures include:
- FY 2022-23: ₹1,481.15 Lakhs
- FY 2023-24: ₹2,558.64 Lakhs
- FY 2024-25: ₹3,225.73 Lakhs
This strategic investment will allow CEAT to continue its commitment to Tyresnmore, ensuring it can maintain its position in the automotive tyre market.
Source: BSE
