Asian Granito India has purchased remaining 33,000 equity shares of Amazoone Ceramics (Amazoone), Material Subsidiary of the Company from other Existing Shareholders, which would result in increase in Company’s stake in Amazoone from 99.89% to 100%. Accordingly, Amazoone Ceramics has become a wholly owned material subsidiary of the company.
The objective of purchase is to further consolidate shareholding of the Company in Amazoone which will enable the Company to effectively control the business operations of Amazoone.
Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.
