Investment8 Nov 2025, 06:51 pm
S.P. Apparels Invests INR 43.5 Crores in Wholly Owned Subsidiary S.P. Apparels International
AI Summary
S.P. Apparels Limited has invested an amount of INR 43,508,668 as equity in S.P. Apparels International Private Limited, a wholly owned subsidiary. This investment is aimed at expanding the company's operations and is a strategic decision considering the cost-effective manufacturing circumstances in Sri Lanka. The transaction is a related party transaction as the Managing Director and Promoter Group of SPAL are also directors in SPAIPL.
Key Highlights
- S.P. Apparels Limited invests INR 43.5 crores in S.P. Apparels International Private Limited
- S.P. Apparels International is a wholly owned subsidiary of S.P. Apparels Limited
- Investment aims to expand company's operations in Sri Lanka
- Transaction is a related party transaction
- Managing Director and Promoter Group of SPAL are directors in SPAIPL