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Cera Sanitaryware raising around $12M from Lighthouse

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Cera Sanitaryware Ltd, one of the largest sanitaryware companies in India, is raising around Rs 70.6 crore ($11.5 million) from Lighthouse Funds’ second private equity fund through a preferential allotment, as per a stock market disclosure.

The company at its board meeting held on Thursday has decided to allot 3,51,000 equity shares of face value of Rs 5 each of the company to India 2020 Fund II at a price of Rs 2,011.50 per share on a preferential basis aggregating around Rs 70 crore.

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