Arvind Ltd Eyes ₹600 Cr Fundraise via Equity Issuance

Arvind Limited's Board of Directors has approved a proposal to raise funds up to ₹600 Crores through the issuance of equity shares or other eligible securities. The fundraising can be done via Qualified Institutional Placements (QIP), preferential allotment, or a combination of permissible modes. The Board has authorized the Finance Committee to finalize the terms, timing, and pricing of the issuance. Additionally, the company will conduct a postal ballot to seek shareholder approval for the proposed issuance and related resolutions. This move aims to strengthen the company's financial position and support future growth initiatives.