An Unknown Buyer agreed to acquire 51% stake in Vennar Ceramics Ltd from Kajaria Ceramics Limited (BSE:500233) for approximately INR 180 million on January 28, 2023. Kajaria Ceramics Limited will divest 12.24 shares of Vennar Ceramics Ltd. Vennar Ceramics Ltd reported Turnover of INR 6666 million (666.6 crores) and total Common equity of INR 404.3 million in March 31, 2022. Transaction is expected to close on March 31, 2024.

RBSA acted as financial advisor to Anjani Vishnu Holding.