Kajaria Plywood Pvt Ltd to invest Rs. 35 crores in Shri Vinayak Ply Industries Pvt Ltd

The Board of Directors of Kajaria Plywood Private Limited ('KPPL'), a whollyowned subsidiary of Kajaria Ceramics Limited, has accorded their approval to make investment upto Rs. 35 crores in Shri Vinayak Ply Industries Private Limited ('SVPL), by way of subscribing/acquiring securities of SVPL and/or granting loan to SVPL, in tranches, subject to applicable laws.

SVPL will become a subsidiary of KPPL, on completion of subscription/acquisition of securities of SVPL.

Shares of Kajaria Ceramics Limited was last trading in BSE at Rs. 1234.20 as compared to the previous close of Rs. 1254.50. The total number of shares traded during the day was 506863 in over 815 trades.

The stock hit an intraday high of Rs. 1279.60 and intraday low of 1213.10. The net turnover during the day was Rs. 620983205.00.

Source : Equity Bulls

Keywords

KajariaCeramics INE217B01036 KajaraiaPlywood Investment ShriVinayakPlyIndustries