WestBridge Investments in Kajaria Ceramics - Chart Of The Day 12 March 2019 - Equitymaster
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WestBridge Investments in Kajaria Ceramics
Mar 12, 2019


In 2013, Kajaria Ceramics issued 2 million shares on preferential basis to WestBridge. Further, in 2014, 3.9 million warrants were converted to equity shares by WestBridge.

The average acquisition price was about Rs 255 per share. WestBridge invested about Rs 1.5 billion in the company.

In 2017, WestBridge sold all its holdings at an average price of Rs 710.

That's more than 275% in 4 years.

During this period, Kajaria Ceramics focused extensively on brand-building and expanding its dealership network throughout India under the guidance of WestBridge.

The company cemented its leadership in ceramic/vitrified tiles.

Indeed, this is a great example of a win-win partnership.

We believe, the story of our upcoming Smart Money Secrets recommendation will play out along similar lines.

Data source: Ace Equity, BSE India

This Chart Of The Day was published in The 5 Minute WrapUp - How This Strategic Super Investor Led to This Month's Recommendation

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