Cera Sanitaryware Limited
Mirae Asset Mutual Fund entered Cera Sanitaryware by acquiring 1,36,827 shares, representing a 1.06% stake worth approximately ₹68.45 Cr.
A manufacturer of sanitaryware and building products, Cera serves the Indian construction and plumbing sectors with ceramics and related fixtures for residential and commercial applications. The company operates production facilities across India and generates renewable power through wind and solar energy installations in Gujarat for internal consumption. Its product portfolio spans bathroom ceramics, sanitary fittings, and building materials.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.