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S.P. Apparels inks MoU to acquire 51.33% stake in Young Brand Apparel

05 Feb 2024 Evaluate

S.P. Apparels has entered into a Memorandum of Understanding (MoU) for the purchase of Young Brand Apparel (YBAPL) by way of acquisition of 51.33% Equity Shares. The company aims to expand the business in U.S.A. and the acquisition of YBAPL will improve the synergies of both companies in terms of customer base and target markets. 

This acquisition will be a great support to the core business of S.P. Apparels to expand its future business. The proposed acquisition is expected to be completed on or before May 31, 2024, subject to the approvals of necessary regulatory approvals. 

S.P. Apparels is a leading manufacturer and exporter of knitted garments for infants and children in India.


S.P. Apparels Share Price

797.05 3.50 (0.44%)
12-Jun-2026 12:04 View Price Chart
Peers
Company Name CMP
Welspun Living 136.55
Vardhman Textiles 628.00
Arvind 493.00
K.P.R. Mill 1065.45
Page Industries 38425.00
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