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S.P. Apparels informs about updates on transfer of retail operations to wholly owned subsidiary

04 Jan 2022 Evaluate

S.P. Apparels has informed that pursuant to provisions of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and with reference to the intimations made on 13.08.2021 & 02.09.2021 regards to formation of wholly owned subsidiary Company and moving its retail business in to the newly formed WOS named 'S.P. Retail Ventures’, hiving - off retail operations into S.P. Retail Ventures has been completed by executing slump sale agreement between S.P. Apparels and S.P. Retail Ventures at the value of Rs 53.50 Crores.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Vardhman Textiles 510.35
Welspun Living 253.30
Arvind 501.50
Raymond Lifestyle 505.00
K.P.R. Mill 1158.90
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