The proposed NCD issuance will be executed on a private placement basis. CEAT plans to issue 2,500 rated, listed, unsecured, redeemable NCDs with a face value of ₹10,00,000 each, in one or more tranches. Shares of CEAT Ltd ended at ₹3,913, up by ₹26.30, or 0.68%, on the BSE today, December 5.
