Franklin Templeton Mutual Fund decreased its stake in Somany Ceramics Limited from 4.11% to 3.10% by selling 415,704 shares. The value of the sold shares is ₹21.72 crore based on a share price of ₹522.55. Franklin Templeton Mutual Fund sold 130,500 shares in Somany Ceramics on June 30, 2026, reducing its stake to 2.781%.
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.
