Arvind informs about updates on subsidiary

21 Nov 2016

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.

Related Arvind Ltd. Links:

Arvind Share Price

47.30 0.00 (0.00%) Nov 19, 18:01
1 Year Price Chart
Peers
Company Name CMP
Arvind 47.30
PDS Multinational 314.95
Vardhman Textiles 895.45
Welspun India 52.50
Alok Inds 2.44
View more..
Sensex vs Arvind
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463