Arvind Fashions to raise Rs 200 crore to strengthen balance sheet

Arvind Fashions Limited (AFL), the retailer of brands such as Calvin Klein, Tommy Hilfiger and US Polo Assn, is raising Rs 200 crore on rights basis to strengthen its balance sheet this year, according to a report by TNN. “The Board has approved issue of equity shares for an amount up to Rs 200 crore on rights basis.
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