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SP Apparels Inks Deal to Acquire Garment Factory of Bannari Amman

SP Apparels Ltd. (SPAL) has inked an agreement to acquire 100 percent stake in Young Brand Apparel and also a garment unit in Palladam and land parcels and buildings from Bannari Amman Spinning Mills. SPAL was in talks with Bannari Amman for the last few weeks to acquire these assets valued at Rs 223 crore. […]