Outcome of board meeting of Kajaria Ceramics
Held on 24 September 2018
The Board of Kajaria Ceramics at its meeting held on 24 September 2018 has approved the following -1. The Board has approved acquisition of 30,00,000 equity shares of Rs. 10/- each of Kajaria Floera Ceramics ('Fleora'), a subsidiary company, at a consideration aggregating to Rs. 3 crore, subject to applicable laws.
Consequent upon the completion of acquisition of the above said shares, Floera would become a wholly-owned subsidiary of the Company.
2. The Board has approved incorporation of a wholly-owned subsidiary company in USA by making investment/loan not exceeding US$ 1 Million, subject to compliance of applicable laws.
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