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S&P
BSE SENSEX
74,169.96
-169.48
-0.23 %
Corporate Announcement
Security Code
500233
Company
KAJARIA CERAMICS LTD.
Exchange Received Time
24/09/2018 16:37:56
Exchange Disseminated Time
24/09/2018 16:37:59
Time Taken
00:00:03
Announcements Pursuant To The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (The 'Listing Regulations') |
9/24/2018 4:37:57 PM
Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we wish to inform you that the Board of Directors ('the Board') of Kajaria Ceramics Limited ('the Company') at its meeting held today, has, inter-alia, considered the following:
1. The Board has approved acquisition of 30,00,000 equity shares of Rs. 10/- each of Kajaria Floera Ceramics Private Limited ('Fleora'), a subsidiary company, at a consideration aggregating to Rs. 3 crores, subject to applicable laws.
Consequent upon the completion of acquisition of the above said shares, Floera would become a wholly-owned subsidiary of the Company. Details pursuant to Regulation 30 of the Listing Regulations are given in Annexure-A.
2. The Board has approved incorporation of a wholly-owned subsidiary company in USA by making investment/loan not exceeding US$ 1 Million, subject to compliance of applicable laws. Details pursuant to Regulation 30 of the Listing Regulations are given in Annexure-B.
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