Kajaria Ceramics rises on incorporating wholly-owned subsidiary
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Kajaria Ceramics is currently trading at Rs. 1223.95, up by 24.00 points or 2.00% from its previous closing of Rs. 1199.95 on the BSE.
The scrip opened at Rs. 1220.00 and has touched a high and low of Rs. 1235.35 and Rs. 1203.45 respectively. So far 3171 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 886.05 on 09-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1273.30 and Rs. 1170.40 respectively. The current market cap of the company is Rs. 19578.44 crore.
The promoters holding in the company stood at 47.50%, while Institutions and Non-Institutions held 41.98% and 10.52% respectively.
Kajaria Ceramics has incorporated wholly-owned subsidiary namely ‘Kajaria International DMCC’ at Dubai. The company has initially subscribed 50 ordinary shares of Kajaria DMCC for AED 1000 each, equivalent to Rs 10,87,500. The company has subscribed 100% shares of the Kajaria DMCC. Accordingly, Kajaria DMCC has now become a related party of the company.
Kajaria DMCC will carry out marketing of tiles/sanitary ware/faucet/plywood/laminates in UAE and/or may also in other international markets.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
