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Exxaro Tiles incorporates new wholly-owned subsidiary company; Stock trades flat

The company will subscribe to 10,000 equity shares (100%) of Exxaro Ceramic at the face value of Rs10 each aggregating to Rs1 lakh in cash.

December 14, 2021 11:14 IST | India Infoline News Service
IT Stocks Up
Exxaro Tiles Limited has incorporated a new wholly-owned subsidiary “Exxaro Ceramic Limited” on December 13, 2021, as per approval of the Registrar of Companies.

The company will subscribe to 10,000 equity shares (100%) at the face value of Rs10 each aggregating to Rs1 lakh in cash.

Exxaro Ceramic Limited Shall carry out business in the field of Ceramic Industries.

At around 11.17 am, Exxaro Tiles Limited was trading at Rs148.20 per piece down Rs0.05 or 0.03% on the BSE.

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