Kajaria Ceramics Capital Structure Change
Kajaria Ceramics will subscribe Rs 4.5 Crore of preference shares in step-down subsidiary Kerovit Global, improving its debt-equity ratio. The related party deal is at arm's length.
- Value
- ₹4.50 Cr
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Kajaria Ceramics will subscribe Rs 4.5 Crore of preference shares in step-down subsidiary Kerovit Global, improving its debt-equity ratio. The related party deal is at arm's length.
Kajaria Ceramics subscribed Rs 45 Crore of NCRPS in step-down subsidiary KGPL to improve its debt-equity ratio. KGPL remains a wholly-owned subsidiary; no entity is acquired.
Kajaria Ceramics has completed the extinguishment of 21,50,000 equity shares following the recent buyback offer. The company's post-buyback paid-up equity capital is now 15,71,43,050 shares.
Kajaria Ceramics completed a buyback of 21.5 lakh shares. The company utilized ₹296.7 Crore for the tender offer process.
Kajaria Ceramics published a post-buyback public announcement in newspapers. This follows the completion of its equity share buyback via tender offer.
Kajaria Ceramics announced a Rs. 296.70 Crore share buyback through a tender offer. The company will acquire 21.50 lakh shares at Rs. 1380 per share.