Home / Knowledge / News / Apparel/Garments / Spykar buys back stake from Avigo Capital
Spykar buys back stake from Avigo Capital
Mar '11
Spykar, a leading denim brand has repurchased its 40 percent stake from Avigo Capital Partners, a Dubai-based firm by way of a deferred payment deal.

Spykar revealed that, they have bought back their 40 percent stake for Rs. 500 million and would be paying the sum in 18 instalments over the next 18 months.

In 2007, Avigo acquired 40 percent stake in Spykar for Rs. 400 million, but now it has withdrawn itself from the firm.

Spykar is now presently in talks with other investors to attract investments of around Rs. 300-400 million, and may possibly strike a deal, within a month, by diluting at the most 15 percent of its stake.

Spykar is a denim-centric men's and women's casual lifestyle brand, with a strong network of 200 retail outlets, and presence in 800 multi-brand outlets and in 125 large-format stores like Shoppers Stop, Globus and Lifestyle.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search