Board of Ceat approves raising funds up to Rs 500 crore

At meeting held on 26 August 2014

Ceat announced that the Board of Directors of the Company at its meeting held on 26 August 2014, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting, approved raising of an amount not exceeding Rs. 500 crore through further issue of securities including Equity Shares or Foreign Currency Convertible Bonds or American Depository Receipts or Global Depository Receipts or fully or partly convertible debentures, non convertible debentures, preference shares convertible into equity shares or any other equity linked securities, by way of one or more public or private offerings (including through a Qualified Institutions Placement) under applicable provisions of the Companies Act, 2013, Rules, Regulations, Guidelines and Circulars issued by the Securities and Exchange Board of India, applicable provisions of the Foreign Exchange Management Act, and the Rules, Regulations, Guidelines of the Reserve Bank of India, Government of India and the Listing Agreement entered into with the Stock Exchanges where the equity shares of the Company are listed, including amendments thereto.

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