Held on 07 May 2014
Kajaria Ceramics announced that the Board of Directors of the Company at its meeting held on 07 May 2014, has approved the following:1. To increase stake in Jaxx Vitrified (subsidiary) from 51% to 61%.
2. To acquire 51% stake in Taurus Tiles, 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 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, Morbi to Kajaria Bathware.
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