# CCI approves Katsura Investments' acquisition of up to 40% stake in Varmora Granito

The Competition Commission of India approved Katsura Investments' acquisition of up to 40% equity in Varmora Granito Private Limited and related entities, along with Varmora Granito's acquisition of ownership in Renite and Simola.

- Type: Acquisition
- Announced: 2022-08-18
- Where: India
- Status: completed
- Products: building materials, slabs, floor tiles, wall tiles, sanitary ware, faucets, kitchen sinks, tile adhesives, vitrified tiles
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Varmora Granito Pvt Ltd](https://endata.com/companies/50795.md) (target)
- [Katsura Investments](https://endata.com/companies/64778.md) (acquirer)
- [Renite](https://endata.com/companies/64779.md) (target)
- [Simola](https://endata.com/companies/64780.md) (target)

## Sources

- [pib.gov.in](https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1852953), 2022-08-18: "The CCI approved the proposed combination pertaining to: (i) the Katsura Investments’ s (Acquirer) acquisition of up to 40% equity shareholding in the Varmora Granito Private Limited (Target) on a fully diluted basis along with acquisition of certain rights in the Target and certain other Target Ent"

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