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Somany Ceramics issues Commercial Paper worth Rs 40 crore

01 Mar 2018 Evaluate

Somany Ceramics has issued Commercial Paper of Rs 40.00 crore value dated February 28, 2018 having maturity on March 28, 2018. The aforesaid issuance of commercial papers is 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.


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