CEAT Limited has announced a further investment of ₹325 Lakhs into its wholly owned subsidiary, Tyresnmore Online Private Limited. The company will acquire 26,626 equity shares through a rights issue, maintaining its 100% ownership of the entity. This capital injection supports the subsidiary’s ongoing operations in automotive retail and service solutions, with the share allotment expected to be completed by May 8, 2026.
Strategic Capital Infusion
CEAT Limited continues to strengthen its digital and service-oriented business arm by increasing its stake in Tyresnmore Online Private Limited. The company has received approval to invest up to ₹325 Lakhs via a rights issue of equity shares. This transaction further cements CEAT’s control over the subsidiary, ensuring that its shareholding remains at 100% post-allotment.
Business Performance and Growth
Tyresnmore has demonstrated consistent revenue growth over the past three fiscal years, reflecting its expanding footprint in the automotive services sector. The company’s turnover reached ₹1,481.15 Lakhs in FY 2022-23, grew to ₹2,558.64 Lakhs in FY 2023-24, and reached ₹3,225.73 Lakhs as of March 31, 2025.
Operations and Market Scope
Incorporated in 2014, Tyresnmore operates in the auto ancillary industry. The company specializes in the retail sale of automotive tyres and batteries, alongside value-added services such as installation, wheel balancing, and wheel alignment. This investment reinforces CEAT’s commitment to capturing the growing demand for convenient, technology-enabled automotive maintenance services across the country.
Transaction Timeline
The acquisition of the 26,626 equity shares is being executed at arm’s length. The entire process is slated for completion with the final allotment of shares to CEAT Limited, which is expected by May 08, 2026.
Source: BSE
