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Arvind Fashions gets nod to raise up to Rs 400 crore

04 Jun 2021 Evaluate

Arvind Fashions has received approval from Board of Directors to raise fund aggregate amount not exceeding Rs 400 crore through preferential issue and/or Qualified Institutions Placement (QIP) or through any other permissible mode or any combination thereof. The Board of Directors of Arvind Fashions, at its meeting held on June 03, 2021 has, considered and approved the same.

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

Peers
Company Name CMP
Avenue Supermarts 3813.30
Trent 2759.05
Vishal Mega Mart 106.60
PN Gadgil Jewellers 597.10
Aditya Birla Life 78.99
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