Kajaria Ceramics zooms on getting nod to dispose 15.30 lakh shares of Soriso

25 Jul 2018

Kajaria Ceramics is currently trading at Rs. 445.50, up by 12.90 points or 2.98% from its previous closing of Rs. 432.60 on the BSE.

The scrip opened at Rs. 432.00 and has touched a high and low of Rs. 448.70 and Rs. 427.60 respectively. So far 383570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 768.00 on 21-Sep-2017 and a 52 week low of Rs. 415.05 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 448.70 and Rs. 415.05 respectively. The current market cap of the company is Rs. 7080.44 crore.

The promoters holding in the company stood at 47.58%, while Institutions and Non-Institutions held 36.05% and 16.37% respectively.

Kajaria Ceramics has received an approval to dispose/transfer 15,30,000 equity shares of Rs 10 each of Soriso Ceramic (Soriso), a subsidiary company, held by the company at an aggregate consideration up to Rs 11 crore. The Board of Directors of the company at its meeting held on July 24, 2018, approved the same.

Consequent upon the completion of disposal/transfer of the above said shares, Soriso shall cease to be a subsidiary of the company.

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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Puchho Befikar
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