CEAT Ltd News & Stock Insights Today

As part of the transaction, CEAT also secured global rights to the Camso brand, which will be permanently transferred across product categories after a three-year licensing period.

The business said that it witnessed significant growth in its domestic demand with strong volumes growth throughout key OEM categories.

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In a separate disclosure made, CEAT said that its board approved its plans to raise up to ₹500 Crore via rated, listed, unsecured redeemable NCDs.

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The acquisition comprises Camso's assets, which generated $213 million in revenue in 2023, as well as two manufacturing sites in Sri Lanka.

Quarter-on-quarter (QoQ), CEAT's revenue grew by 6.72%, while profits surged by an impressive 42%.