Kajaria Ceramics
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 68.60 mn. sq. meters, distributed across nine plants – Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, five plants in Gujarat and one at Vijayawada in Andhra Pradesh.
Private equity (PE) firm WestBridge Capital, through its unit Jwalamukhi Investment Holdings which held 12,130,425 shares or 15.26% sold 1909600 shares or 2.40% from the open market on the on the 9th May, 2015.
With this sale, its reduced stake now stands at 10,220,825 shares or 12.86%.
WestBridge Capital is a highly experienced investment firm, managing over $1.2 billion of capital, which focuses on investments in India. WestBridge was co-founded by KP Balaraj, Sumir Chadha, SK Jain and Sandeep Singhal. The same team of four also co-founded Sequoia Capital India.
Here are the stocks held by WestBridge Capital under its various funds:
Disclaimer
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
