Home / Business and Economy / CEAT Board Approves Rs 250 Crore NCD Issuance
CEAT Board Approves Rs 250 Crore NCD Issuance
5 Dec
Summary
- CEAT's board approved issuing NCDs up to Rs 250 crore.
- The NCDs will be issued in tranches on a private placement basis.
- This funding is in addition to Rs 150 crore in existing NCDs.
CEAT's board convened on December 5, 2025, to authorize a significant financial undertaking. The company will proceed with the issuance of non-convertible debentures (NCDs) totaling up to Rs 250 crore.
This issuance is planned to occur in one or more tranches, utilizing a private placement method. This approach allows for targeted fundraising from specific investors.
The approved NCD issuance represents an expansion of CEAT's debt financing capabilities, adding to the Rs 150 crore in NCDs previously issued by the company.
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