Investment13 Jul 2026, 02:57 pm
Somany Ceramics Approves Investments Up To ₹75.8 Cr
AI Summary
Somany Ceramics Limited's Board of Directors has approved in-principle investments totaling up to ₹75.80 crore. This includes an investment of up to ₹58.80 crore in Siravit Ceramics Private Limited for a 49% stake, aimed at setting up manufacturing capacity for Glazed Vitrified Tiles. Additionally, the company approved an investment of up to ₹2.00 crore in Nepal's V.S. Industries Private Limited for up to a 50% stake, and a further ₹15.00 crore investment in its subsidiary, Sudha Somany Ceramics Private Limited. The meeting took place on July 13, 2026.
Key Highlights
- Board approved investment up to ₹58.80 crore in Siravit Ceramics.
- Investment aims to establish Glazed Vitrified Tiles manufacturing capacity.
- Approved investment up to ₹2.00 crore in Nepal's V.S. Industries.
- Further investment of up to ₹15.00 crore in subsidiary SSCPL approved.
- Investments are by way of acquisition and/or subscription of equity.
Price Impact
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