Carlyle to pick up minority stake in Varmora for USD 90-95 million

Funding to the nearly three-decades-old, Ahmedabad-based company will help accelerate product innovation, channel partnerships, brand building and also acquisitions, the statement added. At present, it portfolio consists of premium tiles, faucets and sanitaryware, which are sold through over 200 exclusive brand outlets in India and globally.

from Banking/Finance-Industry-Economic Times https://ift.tt/drfN0iq