NEW DELHI: Kajaria Ceramics plans to acquire Kajaria Plywood to enter into the plywood business, the company said in a BSE filing.The company has proposed to invest Rs 15 crore to acquire over 50% shares of KPPL. "After completion of the proposed investment, KPPL would become a subsidiary of the company," it said.
It also announced re-appointment of H. Rathnakar Hegde as the 'Independent Director' of the company for the further period of consecutive five years w.e.f. April 2019 to March 2024.
The appointment is subject to approval of company's shareholders.