Kajaria Ceramics has informed that the Board of Directors of the Company at their meeting held today, commenced at 12.30 pm and concluded at 1:45 pm, has consider and approved acquisition of 51% equity shares of South Asian Ceramic Tiles, Hyderabad, Telangana ('South Asian') at a consideration up to Rs 28.50 Crores and accordingly, South Asian will become a subsidiary of the Company, on completion of the above acquisition by the Company. Details pursuant to Regulation 30 of the Listing Regulations are given in Annexure-A.
The above information is a part of company’s filings submitted to BSE.
