Ceat Ltd - 500878 - Disclosure Under Reg. 30 - Subscription To Shares
In furtherance to disclosures dated June 23, 2017, July 28, 2017 and November 1, 2018, made pursuant to Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Company's Policy on Determination of Materiality of Events, concerning the investment made by CEAT Limited in Tyresnmore Online Private Limited ('Tyresnmore'), we hereby inform you that the Company has entered into an Addendum Agreement to the existing Share Subscription and Shareholders' Agreement with Tyresnmore and other parties, for making a further investment of up to Rs. 3,00,00,000/- (Rupees Three Crores) in Tyresnmore and thereby acquiring additional 6.25% of the total share capital of Tyresnmore. With this investment, the total holding of CEAT Limited in Tyresnmore on fully diluted basis will be 37.49%.13-08-2019