Acquisitions15 Jul 2025, 07:51 pm
Somany Ceramics Acquires 51% Stake in Dura Build Care for INR 10,30,19,570.64
AI Summary
Somany Ceramics Ltd has completed the acquisition of 51% equity stake in Dura Build Care Private Limited (DBCPL) for INR 10,30,19,570.64. This acquisition has resulted in DBCPL becoming a subsidiary of Somany Ceramics. The disclosure requirements related to this investment have been fulfilled as per Regulation 30, Schedule Ill of the SEBI Listing Regulation, SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and other applicable regulations. The related information has been filed with the Stock Exchanges on 6th February 2025 and is also accessible on the company's website.
Key Highlights
- Somany Ceramics acquires 51% equity stake in Dura Build Care Private Limited
- The acquisition amount is INR 10,30,19,570.64
- Dura Build Care Private Limited has become a subsidiary of Somany Ceramics
- Disclosure requirements fulfilled as per SEBI regulations
- Information filed with Stock Exchanges and accessible on the company's website