Kajaria Ceramics JV incorporates subsidiary K.R. Industries in Nepal

Kajaria Ceramics' JV in Nepal incorporates a wholly-owned subsidiary, K.R. Industries Private Limited, with an authorized and paid-up capital of INR 1.25 crore.
The subsidiary is a wholly-owned subsidiary of Kajaria Ramesh Tiles Limited (KRTL), a JV where Kajaria Ceramics holds a 50% stake, giving it an indirect 50% stake in the new entity.
The total cost of acquisition for Kajaria Ceramics' 50% indirect stake in the new subsidiary is INR 6.25 lakhs, with the subsidiary formed to support KRTL's business in Nepal.