Sangam (India) has made further investment to the extent of Rs 16.00 crore in Sangam Ventures, a wholly-owned subsidiary (WOS). Sangam Ventures has allotted 21,70,000 equity shares of Rs 10 each fully paid-up at a premium of Rs 63.82 per shares on March 30, 2023. The objective of the investment in shares of the WOS is 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.
