Kajaria Ceramics to acquire 51% stake in Floera Ceramics

20 Jul 2015 Evaluate

Kajaria Ceramics has received an approval to acquire 51% stake in Floera Ceramics, Rajahmundry (Andhra Pradesh) by subscribing to the equity shares of the Company. Floera Ceramics Plans to put up a manufacturing facility of Polished Vitrified tiles with a capacity of 5.70 MSM per annum in Andhra Pradesh. The Board of Directors of the Company at its meeting held on July 20, 2015, has approved for the same.

Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 54.10 mn. sq. meters, distributed across seven plants-Sikandrabad in Uttar Pradesh, Gailpur in Rajasthan, four plants in Morbi in Gujarat and one at Vijayawada in Andhra Pradesh.

Kajaria Ceramics Share Price

1134.20 -9.60 (-0.84%)
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Company Name CMP
Kajaria Ceramics 1134.20
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