Mumbai, July 9 -- Tyresnmore is, inter alia, engaged in the business of selling automotive tyres, accessories and/or providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. The subsidiary reported a turnover of Rs 43.29 crore in FY26.

The company will subscribe to 22,447 fully paid-up equity shares of Tyresnmore Online with a face value of Re 1 each. Following the investment, CEAT's shareholding in the subsidiary will continue to remain at 100%.

CEAT, the flagship company of RPG Enterprises, was established in 1958. It is one of India's tyre manufacturers and has a strong presence in global markets. The company produces more than 41 million high-performance tyres, catering to various segments...