Ceat to Raise Rs 250 Cr via Securities
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Ceat board approves raising up to Rs 250 crore via unsecured non-convertible debentures. Investment in PT CEAT Tyres Indonesia approved.
New Delhi, Dec 5 (PTI) Tyre maker Ceat on Friday said its board has approved to raise up to Rs 250 crore through issuance of unsecured non-convertible debentures in one or more tranches on a private-placement basis.
This is an addition to the existing NCDs of Rs 150 crore already issued by the company, it said in a regulatory filing.
The board also approved investment up to Rs 2.07 crore in one or more tranches, by way of subscription to equity shares of PT CEAT Tyres Indonesia, a subsidiary of the company, it added.
This is an addition to the existing NCDs of Rs 150 crore already issued by the company, it said in a regulatory filing.
The board also approved investment up to Rs 2.07 crore in one or more tranches, by way of subscription to equity shares of PT CEAT Tyres Indonesia, a subsidiary of the company, it added.
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