Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Arvind’s arm concludes divestment of 10% stake in Arvind Lifestyle Brands for Rs 740 crore

21 Nov 2016

Arvind’s wholly owned subsidiary - Arvind Fashions, has completed the transaction of Arvind Lifestyle Brands and raised equity capital of Rs 740 crore 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 8,000 crore for company’s branded apparel business.

Earlier in October, the company had divested 10% stake in its brand business subsidiary Arvind Lifestyle Brands to Multiples, the private equity firm founded by Renuka Ramnath.

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.



Related Arvind Ltd. Links:

Arvind Share Price

105.75 1.85 (1.78%) Aug 02, 18:01
1 Year Price Chart
Peers
Company Name CMP
Welspun India 137.50
Vardhman Textiles 1869.75
PDS Multinational 1304.85
Arvind 105.75
K.P.R. Mill 1957.80
View more..
Sensex vs Arvind
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback