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S.P. Apparels acquires 100% stake in Young Brand Apparel

21 Jun 2024 Evaluate

S.P. Apparels has completed the acquisition of entire shares (100%) of M/s Young Brand Apparel, consequently Young Brand Apparel become a wholly owned subsidiary of the company. The objective of acquisition is to expand the business in USA and the acquisition of Young Brand Apparel 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.

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


Peers
Company Name CMP
Vardhman Textiles 561.95
Welspun Living 223.70
Arvind 548.00
Raymond Lifestyle 677.40
K.P.R. Mill 1136.75
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