Arvind’s subsidiary -- Arvind Atelier FZC has acquired 100% stake of Arvind Atelier UK, a company incorporated in the United Kingdom. The acquisition will result in Arvind Atelier UK becoming a step-down subsidiary of Arvind and will support the Group's international business objectives, strengthen its presence in the UK market, and facilitate closer oversight of the UK operations. The cost of acquisition is 1000 pound sterling.
Arvind is engaged in manufacturing high-end superfine fabrics. The company's business division include denim, woven fabrics, knits fabrics, garment exports & advanced materials for growing industrial sectors like personal protection, industrial filtration, wind energy, defense, auto components, transportation, and housing & infrastructure.
