CEAT has announced the allotment of Non-Convertible Debentures (NCDs) aggregating to ₹250 Crores on a private placement basis. The Finance and Banking Committee approved the allotment on December 30, 2025. These unsecured, redeemable debentures have a tenure of 5 years and offer an interest rate of 7.20% per annum, payable annually. Listing is proposed on the Wholesale Debt Market Segment of NSE.
NCD Allotment Details
CEAT Limited’s Finance and Banking Committee has approved the allotment of Non-Convertible Debentures (NCDs) totaling ₹250 Crores via private placement. The decision was made during the committee’s meeting on December 30, 2025.
Key Terms of the Debentures
The key features of the NCDs are as follows:
- Type: Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures
- Amount: ₹250 Crores
- Tenure: 5 years (December 30, 2025 to December 30, 2030)
- Coupon Rate: 7.20% per annum, payable annually
- Redemption: At par on December 30, 2030
- Listing: Proposed on the Wholesale Debt Market Segment of National Stock Exchange of India Limited
Purpose of Issuance
The funds raised through the issuance of these NCDs will likely be used for general corporate purposes and to strengthen the company’s financial position. The allotment of these debentures represents a strategic move by CEAT to diversify its funding sources and optimize its capital structure.
Source: BSE
