# Carlyle acquires minority stake in Varmora Granito

Global investment firm Carlyle announced a strategic partnership with Varmora Granito Pvt Ltd, acquiring a significant minority stake in the Indian tile and bathware company. Terms were not disclosed.

- Type: Acquisition
- Announced: 2022-06-28
- Where: Mumbai, India, India
- Status: announced
- Products: tiles, faucets, sanitaryware
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Carlyle Group](https://endata.com/companies/458.md) (acquirer)
- [Varmora Granito Pvt Ltd](https://endata.com/companies/50795.md) (target)

## Sources

- [carlyle.com](https://www.carlyle.com/media-room/news-release-archive/carlyle-acquire-strategic-minority-stake-varmora-granito-build), 2022-06-28: "We are excited to partner with Bhavesh Varmora, the Varmora brothers and their entrepreneurial team to help accelerate the next phase of the company’s growth journey as a leading consumer-oriented business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.