Somany Ceramics has planned to make investment in the share capital of Amora Tiles (ATPL), a subsidiary of the company and/or to grant inter, corporate loan to ATPL, in one or more tranches with a maximum cap of Rs 7.65 crore in aggregate for said transaction.
The proposed investment is towards the modernisation cum expansion of existing capacity of 4.58 million square meters per annum of ceramic wall tiles by Amora Tiles. Post completion of this project, the capacity will increase by approximately 2 million square meters per annum.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.
| Company Name | CMP |
|---|---|
| Kajaria Ceramics | 1178.20 |
| Somany Ceramics | 441.15 |
| Cera Sanitaryware | 5332.20 |
| Asian Granito India | 75.34 |
| Pokarna | 928.60 |
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