Somany Ceramics has entered into a Joint Venture agreement on August 22, 2023 with Other Shareholders and Cerapro Nepal (CNPL). The JV Agreement records the understanding of the parties in relation to operation of CNPL as a joint venture between the Company and Other Shareholders and terms of governance and management of CNPL. The joint venture will be for the purpose of establishing a tile manufacturing facility in Nepal for the making of wall and floor tiles and allied products in Nepal, and sale thereof.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.
