Business Update31 Jan 2024, 07:31 pm
Kajaria Ceramics Limited to invest up to Rs. 30 crores in Kajaria Ultima Private Limited
AI Summary
The Board of Directors of Kajaria Ceramics Limited have approved the investment of up to Rs. 30 crores in Kajaria Ultima Private Limited, a company incorporated under the Companies Act, 2013, to make it a wholly-owned subsidiary of the Company. The proposed investment will be made at an arms' length basis and will enable Kajaria Ultima to purchase land for a proposed tile manufacturing facility at a later date.,
Key Highlights
- Investment of up to Rs. 30 crores in Kajaria Ultima Private Limited
- To make Kajaria Ultima a wholly-owned subsidiary of the Company
- Proposed investment to be made at an arms' length basis
- Kajaria Ultima to purchase land for a proposed tile manufacturing facility at a later date