Kajaria Ceramics zooms on getting nod to acquire additional stake in Kajaria Plywood
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Kajaria Ceramics is currently trading at Rs. 966.05, up by 22.95 points or 2.43% from its previous closing of Rs. 943.10 on the BSE.
The scrip opened at Rs. 935.70 and has touched a high and low of Rs. 972.50 and Rs. 932.45 respectively. So far 4488 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. 1000.00 and Rs. 920.00 respectively. The current market cap of the company is Rs. 15277.22 crore.
The promoters holding in the company stood at 47.50%, while Institutions and Non-Institutions held 41.59% and 10.91% respectively.
Kajaria Ceramics has received an approval for additional acquisition of 2,09,000 equity shares of Kajaria Plywood (KPPL), subsidiary company, at a consideration aggregating to Rs 20.90 lakh to make it wholly-owned subsidiary of the company and increase the limits of investments in KPPL from Rs 50 crore to Rs 60 crore, in one or more tranches, through subscription of equity shares of KPPL and/or granting of unsecured loan to KPPL, subject to compliance of applicable laws. The Board of Directors of the Company at their meeting held on May 17, 2022 has considered and approved the same.
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.
