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News Topical, Digital Desk : Tyre manufacturer CEAT Ltd announced after the stock market closed on Friday that it has approved the issuance of unsecured non-convertible debentures (NCDs) up to INR 250 crore and a new investment of IDR 3800 million in its Indonesian subsidiary PT CEAT Tyres Indonesia. These decisions were taken at the company's Finance and Banking Committee meeting held on December 5, 2025.
The proposed NCDs will be issued by the company on a private placement basis. CEAT will issue a total of 2,500 rated, listed, unsecured, and redeemable NCDs with a face value of ₹10 lakh per unit. This issue will be in addition to the NCDs already issued worth ₹150 crore. These debentures will have a maximum tenure of 5 years and will be listed on the wholesale debt market segment of the NSE. The interest rate (coupon) on the NCDs will be fixed, determined through bidding on the NSE's electronic book provider platform.
Share Performance: The company's stock closed at ₹3,904 on Friday, up 0.39 percent. Over the past year, the company's stock has gained 26.56 percent.
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