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.
