Kajaria Ceramics gets nod to acquire additional stake in Kajaria Plywood

17 May 2022 Evaluate

Kajaria Ceramics has received an approval for additional acquisition of 2,09,000 equity shares of Kajaria Plywood (KPPL), subsidiary company, at a consideration aggregating to Rs 20.90 lakh to make it wholly-owned subsidiary of the company and increase the limits of investments in KPPL from Rs 50 crore to Rs 60 crore, in one or more tranches, through subscription of equity shares of KPPL and/or granting of unsecured loan to KPPL, subject to compliance of applicable laws. The Board of Directors of the Company at their meeting held on May 17, 2022 has considered and approved the same.

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

Kajaria Ceramics Share Price

1139.10 -4.70 (-0.41%)
23-Dec-2024 09:26 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1139.10
Somany Ceramics 659.05
Cera Sanitaryware 7323.15
Asian Granito India 69.00
Pokarna 1191.30
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