Somany Ceramics has redeemed Commercial Paper of Rs 25.00 crore with maturity date of December 09, 2016. The company had earlier issued Commercial paper of Rs 25.00 crore value dated September 29, 2016 having maturity on December 09, 2016. The aforesaid issuance of Commercial Paper was to reduce high interest bearing cash credit limits and in turn reducing 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.
