Somany Ceramics has now invested Rs 9.50 crore in Somany Piastrelle towards the acquisition of equity shares by way of right issue, The Board of Directors has approved the investment upto an amount not exceeding Rs 115 crore in one or more tranches, in Somany Piastrelle, by way of combination of subscription of equity shares and inter corporate loan, as and when required.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.