Acquisitions25 Mar 2026, 07:31 am
Kajaria Ceramics Acquires 10% Additional Shares in Kajaria Surfaces, Making it a Wholly-Owned Subsidiary
AI Summary
Kajaria Ceramics Ltd has acquired 9,50,000 (i.e. 10%) equity shares of Kajaria Surfaces Private Limited, making it a wholly-owned subsidiary. The acquisition was made at an arms’ length basis and falls within related party transactions. The consideration was Rs. 1.16 crores. Kajaria Surfaces, incorporated in December 2023, is into manufacturing of tiles and reported a turnover of Rs. 109.97 crores in F.Y. 2024-25.
Key Highlights
- Kajaria Ceramics acquires 10% additional shares in Kajaria Surfaces
- Acquisition makes Kajaria Surfaces a wholly-owned subsidiary of Kajaria Ceramics
- Transaction valued at Rs. 1.16 crores
- Kajaria Surfaces is a related party as it has a shareholder who is also a Director of Kajaria Infinity Private Limited
- Kajaria Surfaces reported a turnover of Rs. 109.97 crores in F.Y. 2024-25