Somany Ceramics has further invested Rs 3.90 crore in M/s Sudha Somany Ceramics (SSCPL), a Subsidiary of the Company, towards the acquisition of equity shares by way of right issue. The said investment is to be utilized for efficient capital structure inter-alia including repayment of existing borrowings and for efficient funding of its business & growth plans.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.