Arvind Fashions has raised Rs 399.79 crore through rights issue and allotted 3,99,79,347 fully paid up rights equity share of face value of Rs 4 each at a price of Rs 100 per rights equity share including a share premium of Rs 96 per rights equity share. The Committee of Directors at its meeting held on July 24, 2020, approved and allotted the same.
Arvind Fashions, the Lalbhai Group's fastest-growing retail arm that was carved out in recent restructuring.