SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bannari Amman Spinning Mills gets nod to hike stake in YBAPL to 51.33%

07 Jul 2017 Evaluate

Bannari Amman Spinning Mills has received an approval to invest in its Joint Venture Company (JVC) - Young Brand Apparel (YBAPL). The board of directors at its meeting held on July 06, 2017 has approved for the same. After completion of this investment YBAPL will become a subsidiary of the company.

Presently, the company holds 33.33% stake in YBAPL and it has received an approval to acquire 18% stake pursuant to which the total holding of the company in YBAPL will reach 51.33%.

Bannari Amman Spinning Mills is engaged in the manufacture of grey woven fabrics, knitted fabrics and cotton yarn. The company is also engaged in the business of processing of fabrics, garments and wind power generation for captive consumption.


Bannari Amman Spg Share Price

23.84 1.44 (6.43%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.12
Filatex India 44.94
Nitin Spinners 419.70
Nahar Spinning Mills 249.20
Sanathan Textiles 427.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×