MoneyWorks4Me

Arvind Fashions gets nod for Rs 299.64 crore rights issue

12 Mar 2020 Evaluate

Arvind Fashions has received approval from its Committee of Directors to issue 1, 99,75,953 equity shares of face value of Rs 4 each at an issue price of Rs 150 per equity share (including premium of Rs 146 per Equity Share) aggregating to Rs 299.64 crore to all the existing equity shareholders of the company on a rights basis.

Arvind Fashions, the Lalbhai Group's fastest-growing retail arm that was carved out in recent restructuring.


Peers
Company Name CMP
Avenue Supermarts 3375.00
Trent 2948.35
Vishal Mega Mart 96.10
PN Gadgil Jewellers 591.20
Aditya Birla Life 72.06
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