Kajaria Ceramics to acquire 51% stake in South Asian Ceramic Tiles

21 Jul 2022 Evaluate

Kajaria Ceramics has received approval to acquire 51% equity shares of South Asian Ceramic Tiles, Hyderabad, Telangana (South Asian) at a consideration upto Rs 28.50 crore and accordingly, South Asian will become a subsidiary of the Company, on completion of the above acquisition by the Company. The main aim of acquisition is to have a foothold in South India thereby enlarging the tiles markets to make more dealers and even to cater small size dealers, by reducing the transit time and by increasing the rotation of re-ordering by the dealers of the Company.

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

Kajaria Ceramics Share Price

1139.70 -4.10 (-0.36%)
23-Dec-2024 10:10 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1139.70
Somany Ceramics 660.30
Cera Sanitaryware 7255.90
Asian Granito India 68.00
Pokarna 1186.50
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