Outcome of QIP committee meeting of CEAT

Held on 26 November 2014

CEAT announced that the QIP committee meeting held on 26 November 2014 has approved the following -

Closure of QIP on 26 November 2014.

Issue Price of Rs 890 per equity share which is at a discount of Rs 40.53 per equity share, to the floor price of Rs 930.53 per equity share, for equity shares to be issued and allotted to eligible Qualified Institutional Buyers in the QIP; and

Adopted the placement document dated 26 November 2014, in connection with the QIP.

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