The Board of Directors of Bannari Amman Spinning Mills Ltd. has approved the transfer/disinvestment/sale of the companys equity shareholding in its subsidiary and joint venture company, as well as the sale of its garment unit and land. They also plan to raise funds for an aggregate amount of up to Rs. 200 crores and explore alternative areas of business, including healthcare services. The funds raised will be used to reduce the companys borrowings.