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  • [Updated] TYRE

  • Ceat acquires 100% stake in Sri Lankan investment arm

    Ceat, a leading manufacturer in India today announced that it has incorporated its Sri Lankan investment arm viz Associated CEAT Holdings Company (P) (ACHL) as a subsidiary company by acquiring remaining 4.52 million equity shares.

    Tyre major Ceat today said its Sri Lankan investment arm Associated Ceat Holdings Company has become a wholly-owned subsidiary of itself after acquiring the remaining stake in the Colombo-based firm.

    Ceat, which had a 54.84 per cent shareholding in the investment company, has acquired the remaining stake, amounting to 45.16 lakh shares, the company said in a filing to the Bombay Stock Exchange (BSE).

    Then, base on above information," TYRE'' share price can possibly go up minimum 100/=+

    Keep eye on this tomorrow...

    PDAU
  • 1 replies, esc 1 Aug 10 posted by PDAU, 31 Jul 10
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  • reply from esc, 1 Aug 10
  • Thank you VERY MUCH for your information......

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