Textile-to-retail conglomerate Arvind Ltd today said it plans to raise up to Rs 500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.
In a notice for annual general meeting scheduled to be held on August 4, the company said: "In order to meet the financial needs of the company, the company may make an offer of NCDs or invite subscription to NCDs on private placement basis in one or more tranches... For an aggregate amount not exceeding Rs 500 crore."
The company's stock was trading at Rs 337.50, up 2.93 per cent, from its previous close on BSE.
