|
| Exchange Disseminated Time | Kajaria Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2014, has approved the following:
1. To increase stake in Jaxx Vitrified Private Limited (Subsidiary) from 51% to 61%.
2. To acquire 51% stake in M/s. Taurus Tiles Private Limited, Morbi (Gujarat) by subscribing to the equity shares of the company. Taurus Tiles is in the process of setting up a plant having 5 MSM annual capacity of Polished Vitrified Tiles.
3. To put up green field facility in Rajasthan for production of 5 MSM annual capacity of vitrified Tiles.
4. To acquire 100% stake in Kajaria Bathware Private Limited which plans to put up a faucet plant having capacity of 1.5 Million pieces in Gailpur, Rajasthan.
5. To sell 64% stake in Kajaria Sanitaryware Private Limited, Morbi to Kajaria Bathware Private Limited. |
|
|