India’s Arvind may issue Rs. 5 billion debentures in private placement

By Tali Rackner

Minneapolis, May 3 – Arvind Ltd. informed the Bombay Stock Exchange that it is proposing to issue up to Rs. 5 billion of nonconvertible debentures in a private placement.

The company’s board of directors will consider the issue, subject to shareholder approval, at a meeting set for May 11, according to notice.

Arvind is an Ahmedabad, India-based vertically integrated textile company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.