Invesco Mutual Fund took a new position in CEAT Limited, acquiring 750,841 shares, which represents a 1.86% stake in the company. The shares are valued at ₹251.27 crores at a price of ₹3345.50 apiece.
One of India's largest tyre manufacturers, CEAT produces a comprehensive range of tyres for two-wheelers, four-wheelers, and commercial vehicles. Established in 1958 and part of the RPG Group since 1982, the company focuses on innovation, quality, and sustainability across its product portfolio. CEAT serves both domestic and export markets, positioning itself among the fastest-growing tyre companies in India with a strong manufacturing and distribution network.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
