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An update from CEAT Limited ( (IN:CEATLTD) ) is now available.
CEAT Limited has incorporated a wholly owned subsidiary in the United Kingdom named CEAT INTERNATIONAL UK LIMITED, established with a capital of 15,000 shares at a face value of GBP 1 per share. The new UK entity, classified as a related party solely by virtue of being a wholly owned subsidiary, will operate in the automotive tyres and related products space, signaling CEAT’s strategic move to deepen its international presence and potentially enhance its access to European and other global markets, although detailed operational plans and financial contributions have not yet been disclosed.
More about CEAT Limited
CEAT Limited is an India-based manufacturer in the automotive tyres and related products segment, producing tyres, tubes, tracks, flaps and other ancillary products for various vehicle categories. The company operates in both domestic and international markets, supplying to automotive OEMs and the replacement market, and is expanding its global footprint to strengthen its presence in key overseas geographies.
Average Trading Volume: 16,362
Technical Sentiment Signal: Buy
Current Market Cap: 150.8B INR
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