Somany Ceramics has redeemed Commercial Paper of Rs 25 crore issued with maturity date of March 25, 2016. The company had earlier issued Commercial Papers of Rs 25.00 crore value dated January 20, 2016 having maturity on March 25, 2016. The aforesaid issuance of Commercial Paper was to reduce high interest bearing cash credit limits and in turn reduce cost of borrowing.
Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.
