Sangam (India) has made further investment to the extent of Rs 15.50 crore in Sangam Ventures, a wholly-owned subsidiary (WOS). Sangam Ventures has allotted 21,00,000 Equity Shares of Rs 10 each fully paid-up at a premium of Rs 63.82 per shares on January 16, 2023. The target company is wholly owned subsidiary and objective of the investment in shares of the WOS to implement the seamless garments manufacturing and to enhance the product range of the company.
Sangam (India) is the largest producer of PV dyed yarn in Asia at a single location. It is also a forerunner in manufacturing ready to stitch fabric.
