Ceat Limited to make further investment of Rs 3.5cr in Greenzest Solar

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Ceat Limited said that it will make a further investment of INR 3.5 crores in Greenzest Solar Private Limited to increase its stake in the latter to 27.52%.

Greenzest Solar is a special purpose vehicle for carrying out construction, operation, and maintenance of Ceat’s captive power generating plant and to supply, on a captive basis, the power produced from the facility to the Indian tyre manufacturing company.

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Ceat will make the investment by subscribing to 4,37,500 shares having face value of INR 10 each at a price of INR 80 per share.

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