The proposed subsidiary(ies) shall be engaged in the manufacturing, including contract manufacturing, trading, marketing and distribution of tiles, ceramics and allied products, including by acquiring operational and profitable manufacturing businesses, the company said in a stock exchange filing.
The company’s board also approved issuance of up to 31,00,000 Warrants worth Rs 189.10 crore to identified persons belonging to ‘Non-Promoter’ Category on preferential basis.
