8/6/22, 12:53 PM varmora: Carlyle acquires significant minority stake in Ahmedabad-based Varmora Granito - The Economic Times

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Business News › Industry › Ind'l Goods/Svs › Paper / Wood / Glass/ Plastic/ Marbles › Carlyle acquires significant minority stake in Ahmedabad-based Varmora Granito

Carlyle acquires significant minority stake in

Ahmedabad-based Varmora Granito
By Indulal PM, ET Bureau Last Updated: Jun 28, 2022, 02:02 PM IST
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Synopsis

ec n a n i F j
Established in 1994, Varmora is a founder-led company and leading and fast-growing tile

ec n a n i F j a j a B
and bathware brand in India. Varmora aims to leverage the strength of the partnership
with Carlyle to enhance its investments in brand building and digital marketing, deepen

Bajaj
its distribution network, and augment product innovation and capacity, US private
equity firm said in a statement.

Carlyle Group on Tuesday announced a

strategic partnership with Ahmedabad-
based Varmora Granito through an Finance
Fixed
acquisition of a significant minority
stake in the company.

Deposit
Equity for this transaction will come
from funds managed and advised by
entities affiliated with Carlyle Asia
Partners Growth, the US private equity firm said in a statement.

Bajaj Finance
Established in 1994, Varmora is a founder-led company and leading and fast-
growing tile and bathware brand in India.

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