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Arvind shines on acquiring 31.20% stake in Renew Green

27 Jan 2023 Evaluate

Arvind is currently trading at Rs. 88.15, up by 3.25 points or 3.83% from its previous closing of Rs. 84.90 on the BSE.

The scrip opened at Rs. 84.70 and has touched a high and low of Rs. 88.85 and Rs. 84.40 respectively. So far 55606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.65 on 28-Jan-2022 and a 52 week low of Rs. 82.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 88.85 and Rs. 83.95 respectively. The current market cap of the company is Rs. 2215.02 crore.

The promoters holding in the company stood at 41.25%, while Institutions and Non-Institutions held 20.22% and 38.52% respectively.

Arvind has subscribed and acquired 31.20% equity stake in Renew Green (GJ Eight) in order to comply with regulatory requirement for being a captive user under electricity laws for setting up of Wind-Solar Hybrid power project at District Bhavnagar, Gujarat. The cost of acquisition is Rs 20.50 crore.

Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.


Arvind Share Price

386.20 -2.65 (-0.68%)
16-Apr-2026 12:52 View Price Chart
Peers
Company Name CMP
Welspun Living 123.75
Vardhman Textiles 547.45
Arvind 386.20
K.P.R. Mill 892.00
Page Industries 36600.00
View more..

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