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| Exchange Disseminated Time | Kajaria Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 16, 2012, inter alia, has approved the acquisition of 51% shareholding in M/s Cosa Ceramics Private Limited, a company having registered office at Survey No. 774/P1, Lakhdhirpur Road, Nr. GSPL Gas Terminal, Tal. Morbi, 8A, National Highway Road, Ghuntu, Morbi, Rajkot - 363642 Gujarat, for a total consideration of Rs. 1160.51 Lakhs.
Pursuant to Section 4 and other applicable provisions of the Companies Act 1956, M/s Cosa Ceramics Private Limited has become the subsidiary of the Company.
The Company has submitted to BSE a copy of Press Release in this regards. |
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