MoU4 Jun 2025, 06:01 pm
Sangam India Ltd Executes MoU with DaMENSCH Apparel Pvt. Ltd for Rs. 10.00 Crore Investment
AI Summary
Sangam India Ltd has entered into a Non-Binding Memorandum of Understanding (MoU) with DaMENSCH Apparel Pvt. Ltd on 4th June, 2025. The Company plans to invest approximately Rs. 10.00 Crore in DaMENSCH, subject to satisfactory completion of conditions precedent and signing of definitive agreements. DaMENSCH is engaged in the business of apparel and related lifestyle products. The investment will result in a 1.73% stake in DaMENSCH on a fully diluted basis, subject to fulfilment of agreed conditions.
Key Highlights
- Sangam India Ltd has executed an MoU with DaMENSCH Apparel Pvt. Ltd for a potential investment of Rs. 10.00 Crore.
- The MoU is non-binding and subject to satisfactory completion of conditions precedent and signing of definitive agreements.
- DaMENSCH is engaged in the business of apparel and related lifestyle products.
- The investment will result in a 1.73% stake in DaMENSCH on a fully diluted basis, subject to fulfilment of agreed conditions.
- DaMENSCH was incorporated on 3rd May, 2018 and has emerged as a key player in India’s mid-premium to premium apparel segment.