S.P. Apparels Extends Up To $6 Million Loan to Sri Lankan Arm

MT Newswires Live

2025/02/25

S.P. Apparels (NSE:SPAL, BOM:540048) has agreed to extend a loan of up to $6 million to its Sri Lankan wholly-owned subsidiary S.P. Apparels International, according to a Monday filing to the Indian stock exchanges.

S.P. Apparels International will use the loan to purchase production plant, machinery, equipment and fixed assets, and for the lease-hold rights of the land from a Sri Lankan company.

Shares of the company were up over 1% in recent trade.

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Apparels Extends Up To $6 Million Loan to Sri Lankan Arm\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-25 12:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> S.P. Apparels (NSE:SPAL, BOM:540048) has agreed to extend a loan of up to $6 million to its Sri Lankan wholly-owned subsidiary S.P. Apparels International, according to a Monday filing to the Indian stock exchanges.</p><p>S.P. Apparels International will use the loan to purchase production plant, machinery, equipment and fixed assets, and for the lease-hold rights of the land from a Sri Lankan company.</p><p>Shares of the company were up over 1% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4543","symbol_name":"AI","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514039372","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514039372","pubTimestamp":1740457708,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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