Marble City India Ltd Acquires Mega Surfaces and Lifestyle in Slump Sale of Tiles Segment Business for Rs 9.5 Cr

Marble City India Ltd announced the outcome of its Board Meeting held on 10th June, 2025, where it discussed the slump sale of the Tiles segment business valued at Rs 9,50,00,000/- under the global brands Neolith and Levantina Techlam to Mega Surfaces and Lifestyle Private Limited. Following the sale, Mega Surfaces and Lifestyle (P) Limited allotted 95,00,000 equity shares at Rs 10/- per share, amounting to Rs. Rs 9,50,00,000/-, towards adjustment of purchase consideration. Post allotment, Marble City India Limited will hold 76% shareholding of Mega Surfaces and Lifestyle (P) Limited, making it a subsidiary of Marble City India Limited.