Tile major Kajaria Ceramics’ uneventful Q1FY18 – net profit declined 24% – has failed to dim promoter Rishi Kajaria's optimism. In two tranches (on August 17 and 21), promoter entity Kajaria Securities acquired 304,000 shares, worth Rs.19.31 crore, thereby increasing its stake in the firm to 40.69%. The overall promoter holding in the company is now 47.39%.
Promoter entity increases its stake in Kajaria Ceramics after a dismal show in the first quarter of FY18
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