Bannari Amman Spinning Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2016, inter alia, have decided to:<BR><BR>1. make M/s. Accel Apparels Private Limited 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 and<BR><BR>2. make M/s. Abirami Amman Mills Private Limited a wholly owned subsidiary of the Company by investing in 1,00,000 equity shares of Rs. 10/- each, to carry on the trading in yarn, fabrics etc.,
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