Arvind Fashions receives full payment towards issue of over 1.45cr shares; Stock gains over 2.5%

The paid-up Equity Share Capital of the company shall be equity shares of Rs4 each fully paid up 11,32,42,054 shares amounting to Rs45,29,68,216.

Jun 02, 2021 01:06 IST India Infoline News Service

Arvind Fashions Limited Committee of the Directors on Tuesday confirmed the receipt of full payment of the First and Final Call Money of Rs65 (Rs2 towards face value and Rs63 towards share premium) in respect of 1,45,56,343 partly paid-up Equity Shares issued by the company on a rights basis and authorized merging of the same with existing fully paid-up Equity Shares of the company.

Consequent to the above, the paid-up Equity Share Capital of the company shall be

1.equity shares of Rs4 each fully paid up 11,32,42,054 shares amounting to Rs45,29,68,216

2, Equity Shares of Rs4 each (Rs2 paid up) 2,45,433 shares amounting to Rs4,90,866.

Arvind Fashions Ltd was trading at Rs147.55 per piece up Rs3.70 or 2.57% from its previous closing of Rs143.85 per piece on the BSE ata round 1.48 pm.

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