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

81.00 0.40 (0.50%) Apr 16, 18:01
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Peers
Company Name CMP
Arvind 62.65
Welspun India 81.10
PDS Multinational 670.00
Vardhman Textiles 1196.15
KPR Mill 1183.35
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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