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Arvind Fashions to raise around Rs 200 crore through rights issue

18 Feb 2021 Evaluate

Arvind Fashions has received approval from committee of directors to raise around Rs 200 crore through a rights issue. The committee of directors of the company has approved the issue of 1,48,02,856 partly paid-up equity shares of face value of Rs 4 each at an issue price of Rs 135 per equity share for up to Rs 199.84 crore to all the existing equity shareholders of the company on a rights basis. The rights entitlement ratio is three rights equity shares for every 20 equity shares in the company.

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

Arvind Fashions Share Price

430.85 -14.55 (-3.27%)
12-May-2026 16:01 View Price Chart
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