Franklin Templeton Mutual Fund has dropped off the latest shareholder list for Somany Ceramics Limited, leaving it unclear if the investor fully exited or simply trimmed its previous 3.1 percent stake below the 1 percent disclosure threshold.
A ceramics manufacturer producing a comprehensive range of decor solutions for residential and commercial spaces across India. Somany Ceramics specializes in ceramic wall and floor tiles, polished and glazed vitrified tiles, sanitary-ware, and bath fittings. The company operates as an integrated producer offering complete solutions through both manufacturing and trading operations, serving customers in the building materials and home construction sectors with diverse product offerings.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
