Kajaria Ceramics to increase stake in Jaxx Vitrified to 61%

Written By Unknown on Rabu, 07 Mei 2014 | 16.02

Kajaria Ceramics at its meeting held on May 07, 2014, has approved to increase stake in Jaxx Vitrified Private Limited (Subsidiary) from 51 percent to 61 percent.

Kajaria Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 07, 2014, has approved the following:1. To increase stake in Jaxx Vitrified Private Limited (Subsidiary) from 51% to 61%.2. To acquire 51% stake in M/s. Taurus Tiles Private Limited, Morbi (Gujarat) by subscribing to the equity shares of the company. Taurus Tiles is in the process of setting up a plant having 5 MSM annual capacity of Polished Vitrified Tiles.3. To put up green field facility in Rajasthan for production of 5 MSM annual capacity of vitrified Tiles.4. To acquire 100% stake in Kajaria Bathware Private Limited which plans to put up a faucet plant having capacity of 1.5 Million pieces in Gailpur, Rajasthan.5. To sell 64% stake in Kajaria Sanitaryware Private Limited, Morbi to Kajaria Bathware Private Limited.Source : BSE

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