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Arvind Fashions jumps on raising Rs 439 crore from marquee investors

23 Aug 2021 Evaluate

Arvind Fashions is currently trading at Rs. 257.95, up by 18.05 points or 7.52% from its previous closing of Rs. 239.90 on the BSE.

The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 263.50 and Rs. 250.00 respectively. So far 108359 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 263.50 on 23-Aug-2021 and a 52 week low of Rs. 117.17 on 23-Sep-2020.

Last one week high and low of the scrip stood at Rs. 263.50 and Rs. 213.35 respectively. The current market cap of the company is Rs. 2915.49 crore.

The promoters holding in the company stood at 40.41%, while Institutions and Non-Institutions held 18.78% and 40.81% respectively.

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

486.45 7.60 (1.59%)
19-Jun-2026 16:59 View Price Chart
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