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Arvind eyeing to raise up to Rs 500 crore

10 May 2016 Evaluate

Arvind, textiles to retail conglomerate, is eyeing to raise up to Rs 500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The board of the company will consider the proposal in its meeting on May 12.

Arvind is India's largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.


Peers
Company Name CMP
Vardhman Textiles 496.70
Welspun Living 215.30
Arvind 500.80
Raymond Lifestyle 500.75
K.P.R. Mill 1042.55
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