Asian Granito - The Purbottar

20 May

AGL’s Rs.441 Crores Rights Issue achieved successful closure

Business Correspondent0 CommentsBusiness, IndiaAsian Granito, INDIA

Asian Granito India Limited announced that its Rights Issue of Rs. 441 crores achieved successful closure. The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 crores of bids received. The Company received bids for over 8.89 crore shares or Rs. 561 crores of bids in the Rights Issue on the closing date against 6.99 crore shares or Rs. 441 crores offered, representing more than 127% subscription. The allotment of equity shares will take place on or about 19th May 2022. The Rights shares are expected to be…

29 Mar

Asian Granito India Ltd lines up Mega Expansion Plan

Business Correspondent0 CommentsBusinessAsian Granito

One of the largest Luxury Surfaces and Bathware Solutions brands in the country Asian Granito India Limited (AGL) has filed draft papers for the Rights Issue of equity shares to raise up to INR 500 Crores. The Company has lined up a Mega Expansion Plan in Value Added Luxury Surfaces & Bathware Segments such as GVT Tiles, Sanitaryware and SPC Flooring segments.The new entities which are incorporated for expansion include Future Ceramic Pvt Ltd, AGL Sanitaryware Pvt Ltd, AGL Surfaces Pvt Ltd. The five-story display center is conceptualized in 1.5 lakh square feet of area and aims to showcase AGL…

29 Dec

AGL plans one of World’s largest Tiles showroom in Gujarat

editor0 CommentsNorth EastAsian Granito, Gujarat

Asian Granito India Ltd is planning to launch one of the World’s largest Tiles showroom in India’s Tiles hub – Morbi, Gujarat. The showroom is conceptualised in 1.5 lakh square feet area and aims to showcase AGL Group's production, technological excellence at one place.The five storey showroom will be designed as a one-stop-solution to meet the diverse needs of household, architect, builder for building their dream projects as well as keeping in mind the needs of the International markets. It will have the entire range of the group’s exquisite and innovative range of Sanitaryware, Bathware and Engineered Marble and Quartz…

08 Sep

Asian Granito’s Rights Issue opens on Sept 23

editor0 CommentsBusiness, IndiaAsian Granito

Asian Granito India Limited (AGIL), manufacturer of one of India’s leading tiles brands is scheduled to open its Rights Issue on September 23. The funds raised through the Issue will be used to repay/prepay certain outstanding borrowings, meeting working capital requirements for the company’s business activities and for general corporate purposes. The rights issue is offered at a price of Rs. 100 per Share.The Company will issue 2,24,64,188 fully paid-up Equity Shares of the face value of Rs. 10 each for cash at a price of Rs. 100 per Equity Share (including a premium of Rs. 90 per Equity Share)…

30 Jun

Asian Granito subsidiary completes major expansion

editor0 CommentsBusinessAsian Granito, Business

Asian Granito India Limited (AGIL) has completed a major expansion at its subsidiary, Crystal Ceramic Industries Private Limited (Crystal Ceramics). Crystal Ceramics added brown field expansion of 12,000 Square meters per day in a new production line of Glazed Vitrified Tiles at its Mehsana Plant in Gujarat. Crystal Ceramics Industries Limited has invested Rs. 25-Crore for this expansion. Asian Granito holds a 70% equity stake in Crystal Ceramics. This expansion will increase the total capacity of Crystal Ceramics to 36,000 Square meters per day. The capacity addition will add an incremental sales of around Rs. 70-75-Crore per annum in Crystal…

01 Jan

Asian Granito is expanding export network

editor0 CommentsBusinessAsian Granito

Manufacturer of one of India’s leading tiles brand, Asian Granito India Limited (AGIL) is eyeing exponential growth from exports business in the current fiscal. Company is also expanding its business network in over 120 countries from 100 currently. Further to strengthen international business and boost exports, the company has launched 15,000 sq ft 'AGL Export House' at Morbi. The export house unveils the entire range of tiles, Sanitaryware and Bathware range including 3000 plus products. Asian Granito is the largest exporter among organised players from India. For the six months ended September 2020, the company reported exports of Rs. 83.2…