Cera Sanitaryware has received an approval to increase the aggregate limit of Foreign Institutional Investors (FIIs) holding in the company from 24% to 36%. The board of directors at their meeting held on January 29, 2015 has approved for the same.
Cera Sanitaryware has emerged as the third largest player in the sanitary ware industry in India. The company enjoys 24% market share in the organised segment.
