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Somany Ceramics invests Rs 2.50 crore in SR Continental

28 Mar 2022 Evaluate

Somany Ceramics has now invested Rs 2.50 crore and acquired 25,00,000 equity shares of Rs 10 each at par, on March 28, 2022 in SR Continental, by way of right issue. Infusion of capital by way of subscription of right shares will meet the requirement of funds for business expansion through trading activities of tiles.

Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.

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