Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) can now invest from 24% to 36% of the paid up capital of Cera Sanitaryware under the Portfolio Investment Scheme (PIS). The company has passed necessary resolutions at its Board of Directors’ level and a special resolution by its general body agreeing for enhancing the limit to 36%.
Cera Sanitaryware is engaged in the business of manufacturing, marketing and distribution of sanitaryware, faucetware and trading in tiles and other bathroom products. The Company offers sanitary ware products, including kids range products, wash basins, urinals, cisterns, seat covers, sensors and bath accessories, as well as special needs products, such as cranes, rails and grab bars.
