NEW DELHI: Arvind Fashions on Thursday mentioned its committee of administrators has accredited raising around Rs 200 crore by way of a rights issue.

“The committee of administrators of the company has accredited the issue of 1,48,02,856 partly paid-up fairness shares of facial area worth of Rs four each individual at an issue rate of Rs one hundred thirty five for every fairness share for up to Rs 199.84 crore to all the existing fairness shareholders of the company on a rights basis,” Arvind Fashions mentioned in a regulatory filing.

The rights entitlement ratio is 3 rights fairness shares for just about every 20 fairness shares in the company, it mentioned.

Shares of Arvind Fashions ended up investing 2.55 for every cent bigger at Rs 166.ninety five apiece on the BSE.

Follow and join with us on Twitter, Fb, Linkedin