Arvind is planning to raise Rs 150 crore through market. The board has considered the fundraising options available to the company by way of issue of non-convertible debentures (NCDs) up to Rs 150 crore on a private placement basis subject to approval of shareholders.
The meeting of Board of Directors of the company held on June 27, 2020, considered 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.
