SOMANY CERAMICS LTD. - Issuance of Commercial Paper

Somany Ceramics Ltd has informed BSE that the Company has issued Commercial paper of Rs. 25.00 Crore value dated April 13, 2016 having maturity on June 29, 2016.<BR><BR>The aforesaid issuance of commercial paper is to reduce high interest bearing cash credit limits and in turn reducing cost of borrowing.