Somany Ceramics to raise SSWPL stake to up to 76 percent
SOMANYCERA · price
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The board approved buying up to 24.75 lakh shares of Somany Sanitary Ware Private Limited from existing shareholders for cash, raising its stake from 51 percent to up to 76 percent. The purchase is planned within 120 days in one or more tranches, with the price to be disclosed later. SSWPL had FY2025-26 turnover of Rs 49.82 crore. An interim dividend of Rs 6 per share was also declared.
Greater ownership may raise Somany Ceramics' share of SSWPL profits and strengthen control, but the cash cost and valuation remain unknown.