Kajaria Ceramics acquires 75% stake in Kajaria Adhesive

Kajaria Ceramics announced the acquisition of 7,500 equity shares, representing a 75% stake, in Kajaria Adhesive Private Limited (KAPL), making KAPL a subsidiary of Kajaria Ceramics. The acquisition, priced at ₹10 per share and totaling ₹75,000, was executed on February 14, 2025. KAPL, though currently without manufacturing operations, aims to establish a production facility in Erode, Tamil Nadu, for tile adhesives. The transaction was conducted at arm’s length after prior approval from Kajaria Ceramics' Audit Committee. The sellers were Mr. Chetan Kajaria and Mr. Kartik Kajaria, who are part of the promoter group. This strategic move will allow Kajaria Ceramics to extend its reach to manufacturing adhesives for tiles.