What will happen in Arvind Ltd?
Arvind Ltd is founded in 1931 in Ahmedabad. Arvind Ltd is textile manufacture and the flagship company of the Lalbhai Group. Its headquarter in Naroda, Ahmedabad, Gujarat. It has a unit at Santej, Kalol. It manufactures cotton shirting, denim, knits, and bottomweight.
The share of Arvind Ltd will remain in focus on Tuesday, On account of they will turn to ex-date for the proposed demerger of the branded apparel and engineering business into separate entities as Arvind Fashion Ltd (AFL) and Anveshan heavy Engineering Ltd (AHEL). Shareholders will get one fully paid-up equity share of ₹4 each of AFL for every five shares held in Arvind, and one share of ₹10 each of AHEL for every 27 shares. Shares of the demerged entities are expected to be listed in January.