Swiss Finance Corp buys Kajaria Ceramics shares worth Rs 23 cr

Foreign fund house, Swiss Finance Corporation (Mauritius) Ltd, today picked up more than nine lakh shares of ceramic tile maker, Kajaria Ceramics, for an estimated Rs 23 crore.

According to information available with the stock exchanges, Swiss Finance Cororation bought 9,12,662 scrips of Kajaria Ceramics through the open market route.

The shares were purchased on an average price of Rs 249.99 valuing the transaction to Rs 22.81 crore, data showed.

However, the seller (s) of the shares could not be ascertained immediately.

Kajaria Ceramics, has an annual aggregate capacity of 43.60 million square meters, distributed across seven plants- Sikandrabad in Uttar Pradesh, Gailpur in Rajasthan, four plants in Morbi in Gujarat and one at Vijayawada in Andhra Pradesh.

Shares of Kajaria Ceramics slipped by 0.36% to settle at Rs 247.70 apiece on the BSE.