Kajaria Ceramics signed a shareholders' agreement to acquire equity in Sunsure Solarpark Fourty Three for ₹12.15 Crore. This secures captive solar and wind power supply.
Kajaria Ceramics Limited will acquire 44,11,764 Compulsorily Convertible Preference Shares of its subsidiary, Kajaria Bathware Private Limited, for ₹50 Crore. The transaction provides an exit to WestBridge Crossover Fund's subsidiary, Aravali Investment Holdings. Post-acquisition, Kajaria Bathware will remain a wholly-owned subsidiary of the company.
