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Arvind raises Rs 75 crore through NCDs

04 Jun 2020 Evaluate

Arvind has raised Rs 75 crore through Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 8.50% - 750 NCDs having face value of Rs 10 lakh each on private placement basis.The said NCDs will be listed on the Wholesale Debt Market (WDM) segment of BSE.

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 528.10
Welspun Living 226.65
Arvind 511.50
Raymond Lifestyle 574.80
K.P.R. Mill 1081.30
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