Promoter hikes stake in Sangam India

23 May 2015

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.

Related Sangam (India) Ltd. Links:

Sangam India Share Price

59.15 0.00 (0.00%) Jan 20, 18:01
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Peers
Company Name CMP
Arvind 43.25
PDS Multinational 320.00
Vardhman Textiles 1038.30
Welspun India 50.10
Bombay Dyeing Mfg. 87.80
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Sensex vs Sangam India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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