New Delhi, Feb 18: Arvind Fashions on Thursday said its committee of directors has approved raising around Rs 200 crore through a rights issue.
The committee of directors of the company has approved the issue of 1,48,02,856 partly paid-up equity shares of face value of Rs 4 each at an issue price of Rs 135 per equity share for up to Rs 199.84 crore to all the existing equity shareholders of the company on a rights basis,” Arvind Fashions said in a regulatory filing.
The rights entitlement ratio is three rights equity shares for every 20 equity shares in the company, it said.
(PTI)
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