Asian Granito India issues Commercial Papers worth Rs 20 crore

30 Apr 2016

Asian Granito India has issued Commercial Paper of an aggregate amount of Rs 20 crore on April 13, 2016, which have been rated by a leading rating agency ‘ICRA’. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate Commercial Paper outstanding as on date is Rs 20.00 crore.

Asian Granito India is engaged in manufacturing of flooring solutions. It is one of the leading wall tile manufacturers in India. The company manufactures products such as wall tiles, vitrified tiles, ceramic floor tiles, marble and quartz stone and Aquart.

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