Somany Ceramics Limited has completed the disinvestment of its entire 51% equity stake in Amora Tiles Private Limited (ATPL), marking the end of its subsidiary relationship with the company. The sale, completed on March 31, 2025, was carried out for a total consideration of Rs 9.28 crore, in line with the Termination Agreement previously disclosed.
The transaction was first announced on January 15, 2025, when Somany Ceramics informed stock exchanges of its intention to exit the joint venture. With this divestment now finalized, Amora Tiles ceases to be a subsidiary of Somany Ceramics.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is also available on the company’s official website:
🔗 www.somanyceramics.com
This move aligns with Somany Ceramics’ strategic plan to consolidate and streamline its business operations.
Disclaimer: The information above is based on regulatory filings and is intended for informational purposes only. It should not be construed as financial advice. Always consult a professional before making investment decisions.
