Debt & internal accruals to fund Ceat acquisition of Camso tyre biz from Michelin: Arnab Banerjee

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 expects the acquisition to be EPS accretive. The company anticipates growth in off-highway tyres. Ceat plans price hikes in various segments.