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WestBridge Capital (Jwalamukhi Investments) reduces stake in Kajaria Ceramics by 2.40%

Kajaria Ceramics

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Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual aggregate capacity of 68.60 mn. sq. meters, distributed across nine plants – Sikandrabad in Uttar Pradesh, Gailpur & Malootana in Rajasthan, five plants in Gujarat and one at Vijayawada in Andhra Pradesh.

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Private equity (PE) firm WestBridge Capital, through its unit Jwalamukhi Investment Holdings which held 12,130,425 shares or 15.26% sold 1909600 shares or 2.40% from the open market on the on the 9th May, 2015.

With this sale, its reduced stake now stands at 10,220,825 shares or 12.86%.

WestBridge Capital is a highly experienced investment firm, managing over $1.2 billion of capital, which focuses on investments in India. WestBridge was co-founded by KP Balaraj, Sumir Chadha, SK Jain and Sandeep Singhal. The same team of four also co-founded Sequoia Capital India.

Here are the stocks held by WestBridge Capital under its various funds:

Portfolio Holdings of WestBridge Capital in Indian Companies as of 31-March-2016

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