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Arvind Fashions raises Rs 439 crore from marquee investors

21 Aug 2021 Evaluate

Arvind Fashions has raised Rs. 439 crore from marquee investors. The Board of Directors of Arvind Fashions (AFL) at its meeting has approved the preferential allotment of equity shares aggregating to Rs. 439 crore to various marquee investors including promoters at the price of Rs. 218.50, as per SEBI ICDR Regulations, 2018.

With this fund raise, it completes the capital requirement needed for growth and navigating any uncertainties. With focused strategy of profitable growth, Company is unlikely to require any more funding in near to medium term.

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

Arvind Fashions Share Price

464.35 -10.35 (-2.18%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 4605.65
Trent 4242.85
Vishal Mega Mart 118.55
Aditya Birla Lifesty 104.70
PN Gadgil Jewellers 669.85
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