Arvind Fashions Ltd board approves fund raising of up to Rs. 400 crores

The Board of Directors of Arvind Fashions Ltd, at its meeting held today (i.e., on June 03, 2021) has, considered and approved the proposal of raising of funds by way of further issue of securities (including convertible or non-convertible) through preferential issue and/or Qualified Institutions Placement (QIP) or through any other permissible mode or any combination thereof, for an aggregate amount not exceeding Rs. 400 Crores (Rupees Four Hundred Crores), subject to applicable laws and necessary shareholder / regulatory approvals, as may be applicable.

Source : Equity Bulls

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