Nova Global bought 20,00,000 shares of Asian Granito India for ₹12.00 crore at ₹60.00 apiece in a bulk deal.
A leading ceramics manufacturer in India, Asian Granito produces and distributes tiles, marble, and related products for residential and commercial applications. Established in 1995, the company operates across manufacturing and trading of ceramic tiles and natural stone products. Its vertically integrated approach to production, distribution, and retail positioning makes it a significant player in India's building materials and home décor sector.
Nova Global Opportunities Fund PCC is a foreign portfolio investor that is an active anchor investor in Indian SME IPOs. It has backed offerings across sectors including electric equipment, power and energy, infrastructure, and logistics.
