Kajaria Ceramics to invest in Kajaria Floera Ceramics, Vennar Ceramics

15 Mar 2018

Kajaria Ceramics has received an approval for investment in 1,05,00,000 equity shares of Rs 10 each of Kajaria Floera Ceramics, a subsidiary company, at a consideration aggregating to Rs 10.50 crore on right basis, subject to applicable laws. The board of directors at its meeting held on March 14, 2018 has approved for the same.

The board also approved investment in 45,90,000 equity shares of Rs 10 each of Vennar Ceramics, a subsidiary company, at a consideration aggregating to Rs 4.59 crore on right basis, subject to applicable laws.

Kajaria Ceramics is the largest ceramic floor and wall tile manufacturer in India. The company has an in-house research and development facility that focuses on developing new designs and creating cost effective products.

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