Arvind Limited has raised approx. ₹500 crore from a Qualified Institutions Placement, comprising an issue of 99,00,990 equity shares.
CMS INDUSLAW advised Arvind Limited on the QIP, including preparation and review of the transaction documentation and offer materials, regulatory and securities law considerations, and other matters relating to the the issue.
The transaction team consisted of Mathew Thomas (Partner), Shambhavi Kumar (Principal Associate), Anjanesh Vatsa (Principal Associate), Aman Bahl (Senior Associate), Kirti Gohil (Senior Associate), Associates Khushi Dua, Preeti Gokhale, Anoushka Sud and Anushka Pawar.
AZB & Partners and Duane Morris & Selvam advised Motilal Oswal Investment Advisors Limited, the lead manager on this QIP.
Arvind Limited is a leading Indian textile and apparel company.
The QIP was fully subscribed by eligible Qualified Institutional Buyers. The successful fundraise provides Arvind Limited with additional financial flexibility to support its growth and strategic initiatives.
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