Arvind to consider raising Rs 500 cr through NCDs

Textiles conglomerate Arvind Ltd will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs).

 

Textiles conglomerate Arvind Ltd will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs). “A meeting of the Board of Directors of the company will be held on May 12, 2016, inter alia to consider the matter regarding fund raising options available to the company by way of issue of NCDs up to Rs 500 crore on a #

“A meeting of the Board of Directors of the company will be held on May 12, 2016, inter alia to consider the matter regarding fund raising options available to the company by way of issue of NCDs up to Rs 500 crore on a private placement basis subject to approval of shareholders,” Arivnd Ltd said in a regulatory filing to the BSE.

 

Textiles conglomerate Arvind Ltd will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs). “A meeting of the Board of Directors of the company will be held on May 12, 2016, inter alia to consider the matter regarding fund raising options available to the company by way of issue of NCDs up to Rs 500 crore on a #

The Ahmedabad head quartered company manufactures cotton shirting, denim and knit fabrics. It is one of the largest producers and exporters of denim, both within India and globally. The company has also ventured in to technical textiles through its Advanced Materials Division.

 

Textiles conglomerate Arvind Ltd will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs). “A meeting of the Board of Directors of the company will be held on May 12, 2016, inter alia to consider the matter regarding fund raising options available to the company by way of issue of NCDs up to Rs 500 crore on a #

Arvind also produces garments under brands such as Flying Machine, Colt and Excalibur. It also has retail brands such as Megamart, Next and Club America. Further, it sells products of several well-known global brands including Arrow, Elle and US Polo Assn. (RKS)

 

Textiles conglomerate Arvind Ltd will consider raising up to Rs 500 crore by issuing non-convertible debentures (NCDs). “A meeting of the Board of Directors of the company will be held on May 12, 2016, inter alia to consider the matter regarding fund raising options available to the company by way of issue of NCDs up to Rs 500 crore on a #