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Ceat Ltd. — Capital/Financing Update 2019
May 31, 2019
61454_rns_2019-05-31_df6eec7a-bd59-4f95-9ea6-356a8ba8bb28.pdf
Capital/Financing Update
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May 31, 2019
BSE Limited
Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001
Security Code: 500878
National Stock Exchange of India Ltd.,
Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051
Symbol: CEATLTD
Dear Sir/Madam,
Sub: Disclosure under Reg. 30 - Subscription to Shares
Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Company’s Policy on Determination of Materiality of Events, we hereby inform you that the Company has, today signed a Power Purchase Agreement with Greenzest Solar Private Limited (Greenzest), for supply of electricity by Greenzest to the Company, by setting up a captive solar power project in Maharashtra. In this regard the Company has agreed to invest an amount not exceeding Rs. 5 Crores to subscribe equity shares, 26% of total equity share capital of Greenzest. The necessary further details shall be disclosed to the Stock Exchanges upon execution of the Share Subscription and Share Holder’s Agreement.
Thanking You,
Yours faithfully, For CEAT LIMITED
VALLARI Digitally signed by VALLARI KEDAR GUPTE DN: c=IN, o=Personal, postalCode=411038, st=MAHARASHTRA, KEDAR serialNumber=7e5274e7b1ccbc5dbe60b58943395d5e05197b15f2f2a01bf605421545 5bb60e, cn=VALLARI KEDAR GUPTE GUPTE Date: 2019.05.31 19:45:18 +05'30'
Vallari Gupte
Company Secretary & Compliance Officer
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