CEAT Limited — Board Meeting, 25-06-2025: Outcome of Board Meeting

CEAT Limited has announced a board meeting on which key financial and strategic moves were approved. The company plans to issue unsecured Non-Convertible Debentures (NCDs) worth up to Rs. 500 Cr via private placement to fund capacity expansion, reduce high-cost debt, and support working capital. Additionally, CEAT will infuse up to Rs. 400 Cr equity/preference capital into its wholly owned Sri Lankan subsidiary, CEAT OHT Lanka, aiding its ongoing acquisition of the Camso Off-Highway tyre and tracks business. The board also approved availing a credit facility up to Rs. 1,000 Cr for general business needs.