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Arvind Fashion to attract Rs 200 crore via rights issue

Textile Company Arvind Fashion on Thursday said, “Its committee of directors has approved raising around Rs 200 crore through a rights issue.”

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In a filing with the exchange, Arvind Fashion said, “The committee of directors of the company has approved the issue 1,48,02,856 partly paid-up equity shares of the face value of Rs 4 each at the issue price of Rs 135 per equity shares for up to Rs 199.84 crore to all the existing equity shareholders of the company on a right basis.”

“The rights entitlement ratio is three rights equity shares for every 20 equity shares in the company,” the filing said.

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