Arvind Fund Raise of ₹500 Cr
Arvind Limited closed its Qualified Institutions Placement, allocating 99,00,990 equity shares at ₹505.00 per share. This successful issue raises significant capital for the company.
- Value
- ₹500.0 Cr
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Arvind Limited closed its Qualified Institutions Placement, allocating 99,00,990 equity shares at ₹505.00 per share. This successful issue raises significant capital for the company.
Arvind Ltd's Finance Committee approved the opening of a Qualified Institutions Placement (QIP) and fixed the floor price at ₹518.58 per equity share.
Arvind Ltd's board approved a fund raise of up to Rs.600 Crore via qualified institutional placement and other securities. The approval also authorises a shareholder postal ballot.