Rajendra Kumar G Dhamasana and his associates agreed to acquire 51% stake in Soriso Ceramic Private Limited from Kajaria Ceramics Limited (BSE:500233) for INR 110 million on July 24, 2018. Kajaria Ceramics Limited will dispose 1.53 million shares. Upon completion of disposal, Soriso shall cease to be a subsidiary of Kajaria. For the year ended March 31, 2018, Soriso reported turnover of INR 586.3 million and has net worth of 206 million. Soriso Board approved the disposal on July 24, 2018. The expected date of completion is within 15 days. Rajendra Kumar G Dhamasana and his associates completed the acquisition of 51% stake in Soriso Ceramic Private Limited from Kajaria Ceramics Limited (BSE:500233) on July 31, 2018.