Kajaria Ceramics has received approval to acquire 51% equity shares of South Asian Ceramic Tiles, Hyderabad, Telangana (South Asian) at a consideration upto Rs 28.50 crore and accordingly, South Asian will become a subsidiary of the Company, on completion of the above acquisition by the Company. The main aim of acquisition is to have a foothold in South India thereby enlarging the tiles markets to make more dealers and even to cater small size dealers, by reducing the transit time and by increasing the rotation of re-ordering by the dealers of the Company.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
