Kajaria Ceramics has received an approval for additional acquisition upto 11,40,968 equity shares of Rs 10 each of Kajaria Vitrified (KVPL), a subsidiary company, at a consideration of Rs 1.80 crore, subject to applicable laws. The object of acquisition is to have better control over KVPL as the company has taken control on production along with sales of KVPL.
Presently, the company holds 87.37% equity shares in KVPL and after completion of the proposed acquisition of 11,40,968 equity shares of KVPL, holding of the company in the equity shares of KVPL would be increased to 95%. The Board of Directors of the company at their meeting held on January 28, 2023 has considered and approved the same.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
Company Name | CMP |
---|---|
Kajaria Ceramics | 1193.00 |
Somany Ceramics | 596.60 |
Cera Sanitaryware | 7096.00 |
Asian Granito India | 60.60 |
Pokarna | 466.65 |
View more.. |