Manufacturer of synthetic blended, cotton, and texturized yarn, fabrics, denim, and seamless garments, Sangam India has signed a non-binding MoU with Damensch Apparel, a specialist in apparel and lifestyle products. This strategic collaboration aims to explore a long-term partnership focused on the manufacturing, marketing, and sale of seamless and activewear products by Sangam India.
As part of the MoU, Sangam India will invest approximately Rs 99,929,050 to acquire a 1.73 per cent stake in Damensch on a fully diluted basis. This move comes as Sangam India’s consolidated net profit declined by 30.3 per cent to Rs 9.52 crore in Q4, FY25 despite a 4.7 per cent increase in net sales to Rs 734.30 crore.
