Arvind Fashions to raise Rs 200 crore via rights issue, Retail News, ET Retail

Davida Erdahl

NEW DELHI: Arvind Fashions on Thursday stated its committee of administrators has authorized boosting about Rs two hundred crore through a rights concern. “The committee of administrators of the company has authorized the concern of one,48,02,856 partly paid out-up equity shares of deal with price of Rs 4 each and […]

NEW DELHI: Arvind Fashions on Thursday stated its committee of administrators has authorized boosting about Rs two hundred crore through a rights concern.

“The committee of administrators of the company has authorized the concern of one,48,02,856 partly paid out-up equity shares of deal with price of Rs 4 each and every at an concern cost of Rs one hundred thirty five for every equity share for up to Rs 199.84 crore to all the present equity shareholders of the company on a rights basis,” Arvind Fashions stated in a regulatory submitting.

The rights entitlement ratio is three rights equity shares for just about every twenty equity shares in the company, it stated.

Shares of Arvind Fashions ended up investing two.fifty five for every cent greater at Rs 166.95 apiece on the BSE.

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