Arvind strengthens as its arm enters into franchise pact with The Children’s Place

21 Aug 2014

Arvind is currently trading at Rs. 256.10, up by 4.30 points or 1.71% from its previous closing of Rs. 251.80 on the BSE.

The scrip opened at Rs. 254.00 and has touched a high and low of Rs. 258.20 and Rs. 250.55 respectively. So far 668051 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 258.20 on 21-Aug-2014 and a 52 week low of Rs. 70.25 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs. 258.20 and Rs. 222.75 respectively. The current market cap of the company is Rs. 6486.23 crore.

The promoters holding in the company stood at 43.46% while Institutions and Non-Institutions held 36.99% and 19.42% respectively.

Arvind’s subsidiary, Arvind Lifestyle Brands has entered into a franchise agreement with The Children’s Place, the largest pure play children’s specialty apparel retailer in North America. Arvind Lifestyle Brands is expected to open 50 stores over time beginning in the fall of 2015.

Arvind has a portfolio of 12 of its own brands. It also runs the country’s largest value retail chain Megamart and the UK-based department store chain Debenhams, and the apparel specialty retail chain Next. Arvind has over 1.3 million square feet of retail space across various brands.


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