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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
11 May, 2025 15:35 IST
Somany Ceramics board approves incorporation of wholly owned subsidiary
Source: IRIS | 05 Feb, 2021, 06.14PM
Rating: NAN / 5 stars.
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 Somany Ceramics (SCL), a part of H L Somany Group is into manufacture of ceramic tiles announced that the board in its meeting held on Thursday has approved incorporation of a wholly-owned subsidiary Somany Piastrelle in India.

This new wholly owned subsidiary of the Company will carry out the business of manufacturing/ trading of tiles, sanitaryware, faucets and any other allied products.

Somany Piastrelle is yet to commence its business operations. The cost of acquisition is Rs 1 lakh., the company said. 

Shares of the company declined Rs 16.50, or 4.12%, to settle  at  Rs 383.90.  The total volume of shares traded  was 9,518 at  the BSE (Friday).
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