Arvind Ltd Board Approves Rs 600 Crore Funding through Capital Issue
Arvind Limited announced that its Board of Directors has approved the raising of funds through the issuance of various securities, with an aggregate amount not exceeding Rs.600 Crores. The approval was granted during a meeting held on July 3, 2026.The company is authorized to raise capital by issuing equity shares of face value ₹10 each. The proposed Securities include convertible/redeemable preference shares, fully/partially convertible debentures, or a composite issue of non-convertible debentures along with warrants. Additionally, the issuance can cover Global Depository Receipts (GDRs), American Depository Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), or any combination thereof.
The funding can be secured through one or more tranches via Qualified Institutional Placement (QIP) or other permissible modes of issue, subject to necessary regulatory and statutory approvals and the approval of Shareholders of the Company.
In addition to the capital raising mandate, the Board approved the conducting of a Postal Ballot process to obtain shareholder consent regarding the associated resolutions.
Following the board's decision, the Finance Committee was authorized to undertake all necessary steps for the issuance of Securities. This includes determining the timing, price, and terms and conditions of the issuance in accordance with applicable laws.
ARVIND Stock Price Movement
As of 2:23 PM, shares of Arvind Limited are shedding 0.66% in live trading, with the stock currently positioned at ₹564.25 as they trade down. The movement is backed by a total traded volume of 266,760 shares so far into the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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