Corporate News 21-Nov-16
Arvind provides update on subsidiary - Arvind Fashions
Arvind Fashions raises equity capital of Rs 740 cr
Arvind announced that Arvind Fashions, a wholly owned Subsidiary of the Company, has completed the transaction and raised equity capital of Rs. 740 crore pursuant to Share Subscription and Shareholders Agreement dated 25 October 2016 signed with three funds managed by Multiples. The transaction was done at overall enterprise valuation of Rs. 8000 crore for Company's branded apparel business.
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