Somany Ceramics’ board 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. Out of the approved investment of Rs 115 crore, the company has now invested Rs 9.50 crore in Somany Piastrelle towards the acquisition of equity shares by way of right issue.
Somany Ceramics is in the business of manufacturing and trading of tiles, Sanitaryware and Bath Fittings.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.