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| Exchange Disseminated Time | Somany Ceramics Ltd has informed BSE that the Company has entered into a Memorandum of Understanding (MOU) with M/s Vintage Tiles Private Limited (VTPL) and its promoters to acquire a 26% equity stake in VTPL.
The VTPL is at an advanced stage of setting up a new plant to manufacture about 7500 square meters of polished vitrified tiles per day at Morbi (Gujarat). This strategic stake shall allow the company to market / sell the entire quantity of the polished vitrified tiles to be manufactured by VTPL |
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