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Kajaria Ceramics gets nod to invest upto Rs 50 crore in Keronite Tiles

01 Feb 2024 Evaluate

Kajaria Ceramics has received approval for Investment in Keronite Tiles (‘KTPL’) upto Rs 50 crore, in one or more tranches, through subscription/acquisition upto 90% shares of KTPL and/or granting of unsecured loan(s) to KTPL. The objective of investment is to carry on the manufacturing of Glazed Vitrified Tiles. The Board of Directors of the Company at its meeting held on January 31, 2024, has approved the same.

Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.

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