Arvind Fashions Ltd allots 1,48,01,776 partly paid up Rights Equity Shares

In terms of the Letter of Offer dated February 19, 2021 and in accordance with the Basis of Allotment finalized in consultation with BSE Limited (Designated Stock Exchange), the Lead Manager to the Issue and the Registrar to the Issue, the Committee of Directors of Arvind Fashions Ltd has, at its meeting held on, i.e., March 25, 2021, approved the allotment of 1,48,01,776 partly paid up Rights Equity Shares of face value of Rs. 4 each (Rs. 2 paid up) at a price of Rs. 135 per Rights Equity Share including a share premium of Rs. 131 per Rights Equity Share of which Rs. 70 per Rights Equity Share including a share premium of Rs. 68 per Rights Equity Share has been paid up on application and the balance amount shall be payable on First and Final Call at such time as may be determined by the Board at its sole discretion.

Shares of ARVIND Fashions LTD. was last trading in BSE at Rs. 144.75 as compared to the previous close of Rs. 146.50. The total number of shares traded during the day was 27,808 and the deliverable quantity was 14,179 shares.

The stock hit an intraday high of Rs. 146.20 and intraday low of 141.45.

Source : Equity Bulls

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