Somany Ceramics issues Commercial Paper aggregating Rs 25 crore

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Capital Market
Last Updated : Dec 23 2016 | 12:02 AM IST

On 23 January 2017

Somany Ceramics announced that the Company has issued Commercial paper of Rs. 25.00 crore value dated 22 December 2016 having maturity on 23 January 2017.

The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.

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First Published: Dec 22 2016 | 5:24 PM IST

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