Exxaro Tiles has incorporated a new wholly owned subsidiary company in the name of ‘Exxaro Ceramic’. The company has subscribed to 10,000 equity shares at the face value of Rs 10 each aggregating to Rs 1 lakh in cash. Exxaro Ceramic is to carry out business in the field of ceramic industries.
Exxaro Tiles is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions.