Kajaria Ceramics fully acquires Kajaria Bathware for ₹50 Crore
Kajaria Ceramics Limited acquired the remaining Compulsorily Convertible Preference Shares (CCPS) of its subsidiary, Kajaria Bathware Private Limited (KBPL), on August 6, 2026. The total cash consideration for this acquisition was ₹50 Crore, ensuring Kajaria Ceramics now holds 100% ownership of KBPL.
While the acquisition of a subsidiary is strategically important, the financial impact is relatively contained given the stated consideration of ₹50 Crore compared to Kajaria Ceramics' overall market size.
The acquisition of the remaining shares in a subsidiary strengthens the company's control and simplifies its ownership structure, which is generally viewed positively.
Kajaria Ceramics Limited has announced the complete acquisition of its wholly-owned subsidiary, Kajaria Bathware Private Limited (KBPL), by acquiring 44,11,764 Compulsorily Convertible Preference Shares (CCPS) from Aravali Investment Holdings. This transaction, finalized on August 6, 2026, for a cash consideration of ₹50 Crore, means Kajaria Ceramics now holds 100% of both the equity shares and CCPS of KBPL, reinforcing its complete ownership. The acquisition was executed as per the terms of a Shareholders' Agreement (SHA) dated June 4, 2018, which stipulated an exit option for Aravali Investment Holdings, a subsidiary of WestBridge Crossover Fund, LLC. KBPL, incorporated on May 22, 2013, is engaged in the manufacturing of bathware products. For the financial year ended March 31, 2026, KBPL reported a turnover of ₹413.64 Crore and a Profit After Tax of ₹(28.49) Crore.
The acquisition did not fall under related party transactions. The initial investment by Aravali Investment Holdings in KBPL was ₹64.50 Crore through the subscription of CCPS. Following this acquisition, Aravali ceased to be a shareholder/CCPS holder of KBPL, and the SHA has consequently come to an end. Kajaria Ceramics Limited has been informed of this development by its General Counsel & Company Secretary, Vinit Kumar.
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Kajaria Ceramics Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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