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| Exchange Received Time 06/07/2017 18:36:28 Exchange Disseminated Time 06/07/2017 18:36:32 Time Taken 00:00:04 | Sub: Investment in Joint Venture Company - reg.
This is to inform the Board of Directors of the Company in their meeting held on 6.7.2017 have approved the proposal to invest in its Joint Venture Company viz., Young Brand Apparel Private Limited (YBAPL) as detailed below:
Present investment Proposed investment After making investment
No.of shares % No.of shares % No.of shares %
2,17,20,202 33.33 1,17,28,910 18.00 3,34,49,112 51.33
After completion of this investment YBAPL will become a subsidiary of Bannari Amman Spinning Mills Limited.
This is for your kind information and records.
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