Somany Ceramics Limited has extended the timeline for selling its entire equity stake in associate company Acer Granito Private Limited by 9 months from 4th May 2026. The extension follows a request from purchasers for a revised payment schedule for the balance consideration with applicable interest. The original Share Purchase Agreement dated 4th February 2025 had set a 15-month completion timeline, which has now been extended subject to compliance with mutually agreed revised terms.
Somany Ceramics Extends Timeline for Acer Granito Disinvestment by 9 Months
