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 advantages and cost-effective manufacturing circumstances in its wholly owned subsidiary in Sri Lanka.
The company confirmed that the transaction constitutes a Related party transaction. Directors representing the promoter group in the listed entity are also directors in SPAIPL.
Key details regarding the investment in SPAIPL are presented below:
| Particulars | Details |
|---|---|
| Target Entity | S.P. Apparels International (Private) Limited (SPAIPL) |
| Nature of Interest | Related party transaction |
| Industry | Manufacturing |
| Consideration Type | Cash Consideration |
| Cost of Acquisition | USD6,50,000, equivalent to INR6,01,63,090 |
| Shareholding Prior and Post Transaction | 100% |
The investment represents a continuous holding, with the shareholding remaining at 100% both before and after the transaction.
SPAL Stock Price Movement
Today, S. P. Apparels Limited shares edged higher to close at ₹782.9, posting a 1.36% gain for the session. The stock settled on significant buying interest, tracking an exchange volume of 32,623 shares.Source:
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