Kajaria Ceramics has received approval for increase in the limits of investment in Kajaria Plywood (KPPL), subsidiary company, from Rs 15 crore to Rs 35 crore, in one or more tranches to meet the future operational expenses and working capital needs of KPPL. The Board of Directors of the company at its meeting held on October 23, 2019 has considered and approved the same.
The proposed investment involves subscription/acquisition of the equity shares of KPPL, in which the company presently holds 97.89% and KPPL is subsidiary of the company. Hence, no entity shall be acquired through this proposed transaction. KPPL is carrying out the business of plywood and related products.
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.
| Company Name | CMP |
|---|---|
| Kajaria Ceramics | 1187.65 |
| Somany Ceramics | 447.05 |
| Cera Sanitaryware | 5296.40 |
| Asian Granito India | 77.40 |
| Pokarna | 906.95 |
| View more.. | |
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