Bannari Amman Spinning Mills Ltd (BASML) has said that SP Apparels Ltd has evinced interest in buying its textile subsidiary, a garment factory, and Perundurai lands. The company is planning to ...

Apparel manufacturer SP Apparels has agreed to acquire textile company Bannari Amman Spinning Mills’ intimate wear subsidiary Young Brand Apparel for a consideration of Rs 223 crore ($26.7 million).