Kajaria Ceramics’ wholly-owned subsidiary -- Kajaria International DMCC, U.A.E. has executed a Joint Venture Agreement with AL Rathath Marble Factory LLC, U.A.E. The purpose of this Agreement is to run the business of Glazed Vitrified Tiles, Sanitaryware/Bathware products, marbles, granites, natural stones and allied products in U.A.E. through a company namely Kajaria RMF Trading LLC, U.A.E., by way of acquiring its shares in the equal ratio, i.e. 50:50, on joint venture basis. Initially, 1000 Shares of AED 1000 each will be issued at par value in equal ratio to the parties of said the Joint Venture Agreement.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
