×
322
Fashion Jobs
ON TIME SOLUTIONS
Mnc Plastic Industry is Hiring Production Manager (Plastic)
Permanent · Bengaluru
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
ADIDAS
Director - Finance fp&a Fsf
Permanent · CHENNAI
ADIDAS
Manager Digital Analytics - Product
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
Published
Jun 25, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Arvind Fashions to raise Rs 400 crore to stabilise operations, cash flow

Published
Jun 25, 2020

​Fashion retailer Arvind Fashions plans to raise Rs 400 crore ($52.9 million) capital, via rights issue to stabilise its operations and cash flow, due to the disruptions caused by the Covid-19 pandemic.

Arvind Fashions to raise Rs 400 crore to stabilise operations, cash flow - Arvind Ltd


Arvind Fashions has seen its apparel brand sales drop during the lockdown and struggling to meet the operational costs, including payment of salaries to staff. The capital raise couple with the reopening of the economy is expected to give the firm the much-support to overcome the crisis.
 
Arvind’s board has approved the issue of up to 3,99,79,347 equity shares of face value of Rs 4 each at an issue price of Rs 100 per equity share aggregating up to Rs 399.79 crore to all the existing equity shareholders of the company.

Commenting on the rights issue, Kulin Lalbhai director at Arvind Fashions Limited, in a statement said: “With the opening up of the economy, our offline and online sales are seeing a growth momentum. The infusion of capital of about Rs 399.79 crore through the rights issue will help the Company stabilise its operations and cash flow.”
 
The Bengaluru-based Arvind Fashions retails a range of international apparel brands in India including Gap, Aeropostale, Arrow, and Tommy Hilfiger among others. The business recently ceased retailing brands Elle, Gant, Izod, and Nautica.

Copyright © 2023 FashionNetwork.com All rights reserved.