Pursuant to Regulation 30 read with Schedule III of the SEBI (listing Obligation and Disclosure Requirements) Regulation, 2015, Arvind Fashions has informed that the Company has entered into a Share Purchase Agreement (‘SPA’) with Flipkart India (‘Seller’) to acquire the Seller’s entire shareholding i.e. 31.25% on a fully diluted basis in Arvind Youth Brands (‘Subsidiary of the Company/AYBPL’). Upon completion of the formalities comprised under the SPA, Arvind Youth Brands shall become a wholly owned subsidiary of the Company. The company has enclosed the details required under Regulation 30 read with Para A (1) of Part A of Schedule III of the Listing Regulations and the SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as Annexure -1. The meeting of the Board of Directors commenced at 8:45 am (IST) and concluded at 9:05 am (IST).
The above information is a part of company’s filings submitted to BSE.
