Lioli Ceramica Sells Majority Stake to Israeli Quartz Countertop Major Caesarstone
Gujarat-based Lioli Ceramica Pvt Ltd (LCPL) has said that it has sold its majority stake to the Israeli Caesarstone Ltd. Under the terms of the transaction, Caesarstone has entered into a definitive agreement to acquire majority ownership in Morbi’s LCPL for a cash investment of approximately $22 million, based on the achievement of certain milestones. The