Kajaria Ceramics has received an approval to increase stake in Jaxx Vitrified, a subsidiary of the company, from 51% to 61%. The board of directors at its meeting held on May 07, 2014 has approved for the same.
The company also received approval to acquire 100% stake in Kajaria Bathware which plans to put up a faucet plant having capacity of 1.5 Million pieces in Gailpur, Rajasthan. The board also approved to sell 64% stake in Kajaria Sanitaryware, Morbi to Kajaria Bathware.
Kajaria Ceramics manufactures more than 400 options of flooring solutions such as wall tiles, floor tiles, vitrified tiles and Spanish and Italian tiles. The tiles major market these products under the brand name Kajaria, Kerrogres, Eternity, Aparici, Saloni ceramica, Ergon and GRESPANIA Ceramica.
