Announced Fri, 3 Jul · 12:55 IST
Arvind board approves raising up to Rs 600 Cr via QIP or other modes
Fund Raising View source PDF
ARVIND · price
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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹567.60
prior close
₹564.65
base price
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timing
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+0.0+0.1+0.1+0.1-3.4-5.3-7.7-5.1-7.5-4.9-7.0———
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AI summary
Arvind Limited board approved raising funds up to Rs 600 Crores through QIP, preferential allotment, GDRs, ADRs, FCCBs, or other permitted modes in one or more tranches. The Finance Committee will decide pricing, timing, and terms. Shareholder approval will be sought through postal ballot. No pricing or discount details disclosed yet.
Likely market impact
Possible equity dilution; stock impact depends on pricing, demand, and use of funds which are not yet disclosed.