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Home / Business / Arvind Fashions raises Rs 439 crore from investors, promoters

Arvind Fashions raises Rs 439 crore from investors, promoters

This will ‘significantly strengthen’ the balance sheet and allow the business to pursue its growth strategy while insulating it from any Covid-related uncertainties
Representational image.
Representational image.
Shutterstock

PTI   |   New Delhi   |   Published 22.08.21, 01:15 AM

Arvind Fashions a leading casual wear and denim manufacturer, on Saturday said it has raised Rs 439 crore by issuing equity shares of the company.

This will allow the business to pursue its growth strategy  AFL said in a statement.

The investors who participated in the fund raiser are Akash Bhanshali, existing shareholders such as ICICI Prudential Mutual Fund, various foreign institutional investors, including University of Notre Dame Du Lac, GP Emerging Markets Strategies LP and The Ram Fund LP.



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