Arvind to demerge and list branded apparel, engineering divisions

Arvind Fashions' annual revenue is now Rs 2,900 cr and growing at 25%

Textile and apparel company Arvind said it would demerge its branded apparel and engineering business from the parent company and list these separately on the exchanges. 

The branded apparel business will be demerged into Arvind Fashions. The company has brands US Polo, Arrow, Flying Machine, Tommy Hilfiger, GAP and more. Arvind said its shareholders would get one equity share of Arvind Fashions for every five they hold. 

Arvind Fashions' annual revenue is now Rs 2,900 crore and growing at 25 per cent. The aim is revenue of Rs 9,000 crore by 2022, said Kulin Lalbhai, executive director.

The other demerger