CEAT Limited Establishes Step-Down Subsidiary in Germany
CEAT Limited announced on April 20, 2026, that it has received the Certificate of registration for a step-down subsidiary, which has been incorporated in Germany. The new entity is named CEAT GMBH.The establishment of CEAT GMBH positions the company within the automotive components market in Europe. The subsidiary operates in the industry sector of Automotive Tyres, Tubes, tracks, flaps etc. and other ancillary products/activities.
The incorporation details and ownership structure of the German subsidiary are as follows:
| Particulars | Details |
|---|---|
| Subsidiary Name | CEAT GMBH |
| Location | Germany |
| Capital | EURO 25,000 |
| Status | Step-down subsidiary |
| Nature of Interest | The subsidiary is a related party of the Company. |
| Control Acquired | 100% of shares held by the Company through its wholly owned subsidiary |
| Turnover/Size | Not applicable as newly incorporated |
The company confirmed that, with the exception of being a step-down subsidiary, the promoter/promoter group/group companies do not have any interest in CEAT GMBH. The incorporation notice clarified that since the intimation concerns the incorporation of a subsidiary, the details regarding consideration, cost of acquisition, and any governmental or regulatory approvals are not applicable.
CEATLTD Stock Price Movement
Today, CEAT Limited shares edged higher to close at ₹3799.4, marking a solid 2.26% gain for the day. The equity finished on a volume of 141,541 shares, having fluctuated between a day low of ₹3675.6 and a high of ₹3820.Source:
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