Cera Sanitaryware Limited announced an update regarding the divestment of its entire stake in ‘Race Polymer Arts LLP,’ a Subsidiary LLP. The terms and conditions of the proposed divestment have been substantially agreed upon. The necessary documents and agreements, including the Retirement Deed, will be executed by September 30, 2025.
Divestment Update
Cera Sanitaryware Limited has provided an update concerning the divestment of its entire stake in its Subsidiary LLP, ‘Race Polymer Arts LLP’. This follows an earlier communication on September 2, 2025.
Negotiations Progress
Negotiations with Shreeyam Ceramic LLP, the joint venture partner, are currently underway. The company confirms that the terms and conditions for the proposed divestment have been substantially agreed upon.
Finalization
The finalization of the divestment will occur with the execution of necessary documents and agreements, including the Retirement Deed, scheduled for September 30, 2025.
Source: BSE
