Polus Global Fund buys 2 lakh shares of Sangam (India)

10 Jun 2015 Evaluate

Polus Global Fund has bought two lakh shares of Sangam (India). The fund major, which has sizeable stake in Zee Learn, bought the shares at an average price of Rs 129 a share. Among the major investors in Sangam are General Insurance Corp (2.45 per cent) and LIC (1.85 per cent), while promoters hold 42.80 per cent stake in the textile major.

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

278.70 6.50 (2.39%)
Jul 01, 11:25 View Price Chart
Peers
Company Name CMP
Welspun India 68.85
PDS 1673.90
Vardhman Textiles 265.60
Arvind 90.00
Alok Inds 21.75
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