Promoter hikes stake in Sangam India

23 May 2015 Evaluate

Sangam India’s promoter -- Sangam Business Credit -- has acquired around 5% stake in the company via open market transactions by purchasing 1.80 million shares at a price of Rs 75 per share. Meanwhile, the public shareholder, Withal Commercial has offloaded 1.80 million shares at price of Rs 75 per share.

Sangam is among the top three producers of PV dyed yarn in India with total spindleage of 201,216 numbers. The company also has 30 million metres per annum (mmpa) ready-to-stitch fabric manufacturing capacity, a 52mmpa fabric processing capacity and 40mmpa denim fabric manufacturing capacity.

Sangam India Share Price

282.20 3.35 (1.20%)
May 20, 18:01 View Price Chart
Peers
Company Name CMP
Welspun India 73.40
PDS 1706.85
Vardhman Textiles 347.35
Arvind 104.65
Alok Inds 23.00
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