Kajaria Ceramics inches up as its arm executes joint venture agreement with AL Rathath Marble Factory

Kajaria Ceramics is currently trading at Rs. 1121.35, up by 2.65 points or 0.24% from its previous closing of Rs. 1118.70 on the BSE.

kajaria ceramics surges with arm starting commercial production at andhra pradesh facility
Kajaria Ceramics

The scrip opened at Rs. 1155.00 and has touched a high and low of Rs. 1155.00 and Rs. 1108.10 respectively. So far 1623 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. 1155.00 and Rs. 1104.10 respectively. The current market cap of the company is Rs. 17813.35 crore.

The promoters holding in the company stood at 47.49%, while Institutions and Non-Institutions held 42.26% and 10.25% respectively.

Kajaria Ceramics’ wholly-owned subsidiary — Kajaria International DMCC, U.A.E. has executed a Joint Venture Agreement with AL Rathath Marble Factory LLC, U.A.E. The purpose of this Agreement is to run the business of Glazed Vitrified Tiles, Sanitaryware/Bathware products, marbles, granites, natural stones and allied products in U.A.E. through a company namely Kajaria RMF Trading LLC, U.A.E., by way of acquiring its shares in the equal ratio, i.e. 50:50, on joint venture basis. Initially, 1000 Shares of AED 1000 each will be issued at par value in equal ratio to the parties of said the Joint Venture Agreement.

Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.

Leave a Comment