An unknown buyer agreed to acquire a 51% stake in Anjani Tiles Limited from Cera Sanitaryware Limited (BSE:532443) for INR 286.92 million on August 5, 2021. The total enterprise value of Anjani Tiles Limited is INR 595.2 million. The Board of Directors at their meeting held on 5th August, 2021 have only In-principally approved proposal of divestment of its entire stakes in Anjani Tiles Limited. Once the Terms and conditions including consideration are finalized, Definitive agreement will be executed. RBSA Capital Advisors LLP acted as sell side valuation advisor. Total consideration of INR 286.92 million to be completed by 31 March, 2023

An unknown buyer completed the acquisition of 51% stake in Anjani Tiles Limited from Cera Sanitaryware Limited (BSE:532443) on March 23, 2023.