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Cera Sanitaryware to acquire 51% stake in Anjani Tiles for Rs 18.36 crore

10 Nov 2015 Evaluate

Cera Sanitaryware has entered into share subscription agreement with Anjani Group to acquire controlling interest of 51% in Anjani Tiles, Andhra Pradesh. The company will now acquire 51% of the share capital in Anjani Tiles in a phased manner at a cost of approximately Rs 18.36 crore.

Cera Sanitaryware has emerged as the third largest player in the sanitary ware industry in India. The company enjoys 24% market share in the organized segment.


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