Cera Sanitaryware Limited has completed its exit from Race Polymer Arts LLP, selling its 51% stake to joint venture partner Shreeyam Ceramics LLP for ₹16.5 crore. Following the transaction, Shreeyam Ceramics now owns 100% of Race Polymer Arts LLP.
Transaction Details
- Seller: Cera Sanitaryware Limited
- Buyer: Shreeyam Ceramics LLP
- Asset Divested: 51% stake in Race Polymer Arts LLP
- Consideration: ₹16.5 crore (within the earlier projected range of ₹15–17 crore)
- Effective Date: September 29, 2025
The transaction was announced on September 2, 2025, and finalized by September 30, 2025, with the execution of a formal Retirement Deed on September 29, 2025, according to NSE filings.
Strategic Outcome
With this divestment, Cera Sanitaryware ceases to be a partner in Race Polymer Arts LLP, while Shreeyam Ceramics LLP assumes full ownership and control of the entity. The sale aligns with Cera’s strategic portfolio management, enabling the company to realize value from its investment and focus on its core business operations.
Summary
Cera Sanitaryware has sold its 51% stake in Race Polymer Arts LLP to Shreeyam Ceramics LLP for ₹16.5 crore, effective September 29, 2025. The transaction, which was announced earlier in September, completes Cera’s exit from the joint venture. Post-sale, Shreeyam Ceramics LLP holds 100% ownership, and Cera no longer has any partnership in the LLP. This divestment is part of Cera’s strategy to streamline its portfolio and focus on core operations.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.