Kajaria Ceramics Limited has issued a clarification statement denying any ongoing discussions, negotiations, or plans to acquire Asian Granito India Limited. The company stated that recent media speculation and news reports are untrue and that it remains focused on its core strategic growth initiatives. This announcement aims to provide clarity amidst market rumors.
Kajaria Ceramics Clarifies Acquisition Rumors
Kajaria Ceramics Limited has officially addressed recent media speculation and news reports concerning a potential acquisition of Asian Granito India Limited. In a formal statement, the company has categorically denied being in any discussions, negotiations, or having any plans to acquire Asian Granito India Limited.
Focus on Core Growth
The company explicitly stated that there is no truth to these speculative reports. Kajaria Ceramics emphasized its commitment to its existing strategic growth initiatives and assured stakeholders that its focus remains on its core business objectives. This clarification is intended to provide accurate information and dispel market rumors.
Source: BSE
