S.P. Apparels jumps on investing Rs 6.31 crore in UK based subsidiary
S.P. Apparels is currently trading at Rs. 782.00, up by 16.55 points or 2.16% from its previous closing of Rs. 765.45 on the BSE.
The scrip opened at Rs. 765.05 and has touched a high and low of Rs. 782.50 and Rs. 765.05 respectively. So far 179 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 04-Jun-2025 and a 52 week low of Rs. 585.00 on 21-Jan-2026.
Last one week high and low of the scrip stood at Rs. 792.50 and Rs. 745.20 respectively. The current market cap of the company is Rs. 1965.86 crore.
The promoters holding in the company stood at 61.81%, while Institutions and Non-Institutions held 18.05% and 20.14% respectively.
S.P. Apparels has invested an amount of Rs 6.31 crore as equity in S.P Apparels UK P (SPUK), a Wholly owned subsidiary of the Company. The additional investment in the Wholly Owned Subsidiary incorporated in the United Kingdom is being made to strengthen its capital base and support ongoing business expansion. The funds will be utilized to meet working capital requirements, enhance operational capabilities, and expand market presence in the UK and European markets.
