Arvind informs about updates on subsidiary

21 Nov 2016 Evaluate

With reference to the earlier letter dated October 25, 2016, Arvind has now informed that Arvind Fashions, a wholly owned Subsidiary of the Company, has completed the transaction and raised equity capital of Rs 740 crores pursuant to Share Subscription and Shareholders Agreement dated October 25, 2016 signed with three funds managed by Multiples. The transaction was done at overall enterprise valuation of Rs 8000 crores for Company’s branded apparel business.

The above information is a part of company’s filings submitted to BSE.

Arvind Share Price

90.85 0.10 (0.11%)
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Peers
Company Name CMP
Welspun India 69.65
PDS 1703.00
Vardhman Textiles 271.50
Arvind 90.85
Alok Inds 21.60
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