CEAT LTD. - 500878 - Disclosure Under Reg. 30 - Further Investment In Tyresnmore Online Private Limited.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has entered into a Second Addendum Agreement to the existing Share Subscription and Shareholders' Agreement with Tyresnmore Online Private Limited (associate of the Company) and other parties, for making a further investment up to Rs. 2,60,00,000/- (Rupees Two Crore Sixty Lacs only) in one or more tranches in Tyresnmore, on such terms and condition as prescribed therein to acquire additional 5.14% of the post issue total share capital of Tyresnmore. Upon completion of the investment in all tranches, the total holding of CEAT Limited in Tyresnmore on a fully diluted basis would be 40.70%21-07-2020