Deal valuation looks reasonable given global brand access, access to two manufacturing units and also when seen in comparison to OHT leader Balakrishna Industries which trades at 6.2 times EV/sales ...
Ceat will acquire Camso's tyre and track business from Michelin. This acquisition will boost Ceat's international business. The deal will be funded by a mixture of debt and internal accruals. Ceat ...
CEAT shares rallied over 12% after the tyre maker announced the acquisition of Camso's Off-highway Tyres (OHT) and tracks business for Rs 1,905 crore. The acquisition is expected to boost CEAT's ...