Investment5 Aug 2026, 09:30 pm
Arvind Ltd Allots 99 Lakh Shares via QIP, Raises ₹500 Cr
AI Summary
Arvind Ltd announced the successful allotment of 99,00,990 Equity Shares to eligible Qualified Institutional Buyers (QIBs) at an issue price of ₹505.00 per share. This Qualified Institutions Placement (QIP) has raised approximately ₹500 Crores for the company. The allotment increases the company's paid-up equity share capital. Key investors like SBI Life Insurance, Nippon Life India Trustee, and SBI Multi Asset Allocation Fund were among those allotted significant portions, with some receiving over 5% of the issue size. The Finance Committee of the Board of Directors approved this allotment.
Key Highlights
- Arvind Ltd successfully raised ₹500 Crores through a QIP.
- 99,00,990 equity shares were allotted at ₹505.00 per share.
- Major investors include SBI Life, Nippon Life, and SBI Multi Asset.
- The QIP increases the company's paid-up equity share capital.
- The allotment was approved by the Finance Committee of the Board.
Price Impact
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