S.P. Apparels Ltd Invests in Wholly Owned Subsidiary SPAIPL
S.P. Apparels Ltd has invested an amount of Rs. 6,01,63,090 as equity in S.P Apparels International Private Limited (SPAIPL), which is a wholly owned subsidiary of the company.The investment, which occurred on April 9, 2026, was structured as a cash consideration. The total consideration for the equity investment was USD 6,50,000, equivalent to INR 6,01,63,090.SPAIPL, which specializes in the manufacturing of garments, is incorporated in Sri Lanka and commenced operations on October 16, 2023. As of March 2025, SPAIPL reported a turnover of 1,872,585 LKR.The investment aims to enable S.P. Apparels Limited to expand its business operations by considering strategic...