Kajaria Ceramics' Joint Venture Incorporates Wholly-Owned Subsidiary in Nepal

Kajaria Ceramics Ltd. has announced that Kajaria Ramesh Tiles Limited, Nepal, a joint venture of the company, has incorporated a wholly-owned subsidiary named ‘K.R. Industries Private Limited’ in Nepal. The new company, K.R. Industries Private Limited, has an authorized capital of INR 1,25,00,000 and a paid-up capital of the same amount. It is a new company with no turnover as of now. The purpose of this incorporation is to continue and support the business of KRTL in Nepal. The company holds 50% equity shares of KRTL, making its indirect shareholding in KIPL 50%.