Investment9 April 2026 at 01:11 pm
S.P. Apparels Invests INR 6 Crores in Wholly Owned Subsidiary S.P. Apparels International
AI Summary
S.P. Apparels Limited has invested INR 6,01,63,090 as equity in its Wholly Owned Subsidiary, S.P. Apparels International Private Limited (SPAIPL). The investment is aimed at expanding business operations and leveraging strategic advantages and cost-effective manufacturing circumstances in Sri Lanka. SPAIPL, incorporated in 2023, is engaged in manufacturing garments with a turnover of LKR 1,872,585 as of March 2025.
Key Highlights
- S.P. Apparels invests INR 6,01,63,090 in its Wholly Owned Subsidiary, S.P. Apparels International
- Investment aims to expand business operations and leverage strategic advantages in Sri Lanka
- SPAIPL is engaged in manufacturing garments with a turnover of LKR 1,872,585 as of March 2025
- Transaction falls under Related Party Transaction as SPAL promoters are directors in SPAIPL
- Investment consideration is cash equivalent to USD 6,50,000
SPALGarments & Apparels
S.P. Apparels LtdPrice Impact