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Arvind planning to raise Rs 500 crore on private placement basis

04 May 2018 Evaluate

Arvind is planning to raise funds by way of issue of Non-Convertible Debentures up to Rs 500 crore on a private placement basis. The meeting of the board of directors of the company is scheduled to be held on May 09, 2018, to consider the same.

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 552.00
Welspun Living 222.25
Arvind 536.40
Raymond Lifestyle 654.40
K.P.R. Mill 1122.65
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