Kajaria Ceramics has acquired 51% equity shares of South Asian Ceramic Tiles (South Asian) in terms of the Share Sale and Purchase Agreement on August 31, 2022. Accordingly, South Asian has now become a subsidiary of the Company. The objects 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. The cost of acquisition is Rs 24.50 crore.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
