Cera Sanitaryware to close its Dubai arm operations

Due to unviable business conditions in the Gulf Countries, the company’s Board of Directors have decided to discontinue the business operations of Cera Sanitaryware Trading LLC

Aug 06, 2020 11:08 IST India Infoline News Service

Cera Sanitaryware has decided to discontinue the business operations of its Dubai arm Cera Sanitaryware Trading LLC due to unviable business conditions in the Gulf Countries.

“Due to unviable business conditions in the Gulf Countries, the Board of Directors have decided to discontinue the business operations of Cera Sanitaryware Trading LLC - Dubai, UAE. The expected date of closure is February, 2021,” the company informed the exchanges Wednesday.

It further added that “total turnover of Cera Sanitaryware Trading LLC - Dubai, UAE is Rs189.36lac which is 0.20% of total turnover of Cera Sanitaryware Limited.”

Cera Sanitaryware Ltd is currently trading at Rs2,150, down by Rs7.45 or 0.35% from its previous closing of Rs2,157.45 on the BSE.

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