Foreign fund house Swiss Finance Corporation (Mauritius) Ltd has picked up more than 9 lakh shares of ceramic tile maker Kajaria Ceramics for an estimated Rs 23 crore.
According to information available with the stock exchanges, Swiss Finance Cororation bought 9,12,662 shares of Kajaria Ceramics through the open market route on Friday.
The shares were purchased on an average price of Rs 249.99 valuing the transaction to Rs 22.81 crore, data showed. However, the seller(s) of the shares could not be ascertained immediately.
Kajaria Ceramics has an annual aggregate capacity of 43.60 million square meters, distributed across seven plants-Sikandrabad in Uttar Pradesh, Gailpur in Rajasthan, four plants in Morbi, Gujarat and one in Vijayawada, Andhra Pradesh.
Shares in Kajaria Ceramics, on Friday, ended at Rs 247.70 apiece on the BSE, down 0.36 per cent from Thursday's close.