Arvind has received an approval to issue Non-convertible Debentures (NCDs) on private placement basis up to Rs 500 crore for general corporate purposes including capital expenditure, augmenting long term working capital and refinance of existing loans.
The Board of Directors of the company at their meeting held on May 09, 2018, approved 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.
