CEAT Limited ESOP Trust Plans Open Market Purchase of Equity Shares by End of 2026
CEAT Limited has initiated a plan for its Employees Stock Option Scheme 2025, wherein the designated ESOP Trust intends to acquire equity shares of the company from the open market. This acquisition is set to occur in multiple tranches and must be completed on or before December 31, 2026.The purchase mechanism involves the ESOP Trust acquiring corresponding equity shares of CEAT Limited during open trading periods. The transaction will be carried out through a SEBI registered stockbroker.
The acquisition is planned to be funded in line with shareholders' approval and the relevant provisions governing the scheme. This initiative stems from the implementation of the CEAT Employee Stock Option Scheme 2025, which is administered by the ESOP Trust following shareholder approval.
CEATLTD Stock Price Movement
CEAT Limited closed marginally higher on Friday, with shares settling at ₹3429.90 after edging up 0.20%. The stock saw solid interest throughout the trading session, as 99,761 shares were accounted for in the market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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