Franklin Templeton Mutual Fund (MF) has hiked its stake in Somany Ceramics by 1.27% by buying 5.36 lakh shares in the open market. Based on the average weighted price of the Somany Ceramics stock on April 18, the transaction value is estimated at Rs 36.24 crore.
Franklin Templeton MF, which had 3.95 per cent stake earlier, hiked its shareholding in the company to 5.22 per cent by buying shares on April 18.
Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.