Bannari Amman to invest in Accel Apparels, Abirami Amman Mills – Feedback

Bannari Amman Spinning Mills has received an approval to make Accel Apparels a wholly owned subsidiary of the company by investing in 5,000 equity shares of Rs 10 each, to implement a Garment Project in the near future. The board of directors at its meeting held on May 25, 2016 has approved for the same.

The company also received approval to make Abirami Amman Mills a wholly owned subsidiary of the company by investing in 100,000 equity shares of Rs 10 each, to carry on the trading in yarn, fabrics etc., Bannari Amman Spinning Mills, established in 1995 has a capacity of more than 140,000 spindles. The mill has a complete range of state of the art spinning equipment including Lakshmi Rieter Spinning machinery from Blow room to Spinning departments, Schlafhorst-338 model autoconers for yarn production.

http://www.finalaya.com/News/Bannari-Amman-to-invest-in-Accel-Apparels-Abirami-Amman-Mills-N470171.aspx

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