Somany Ceramics’ Stock Tumbles 20% As Debtor Defaults
An employee checks tiles before packing into the boxes. (Photographer: Asim Hafeez/Bloomberg)

Somany Ceramics’ Stock Tumbles 20% As Debtor Defaults

Investors dumped shares in Somany Ceramics Ltd. after a stockbroker of one of India’s largest listed tilemakers defaulted in repayment of outstanding loans.Sonamy Ceramics told the bourses that a c...
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