Indian Stock Market Commentry by MarketMagnify

Ceat Ltd gains 1.8 pct. Company on Monday launched share sale to institutional investors at a floor price of 930.53 rupees per share. Ceat looking to raise between $56.7 mln to $64.7 mln in a price band of 890 rupees to 905 rupees - termsheet shows Tyremaker intends to use the proceeds for expansion and for augmentation of long-term working capital, the sheet added. 

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