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Arvind Limited ( (IN:ARVIND) ) just unveiled an update.
Arvind Limited announced the convening of meetings for its equity shareholders, secured creditors, and unsecured creditors as per the order of the National Company Law Tribunal (NCLT), Ahmedabad Bench. The meetings, scheduled for May 30, 2025, will discuss and potentially approve a Scheme of Arrangement involving the transfer of the Advanced Materials Undertaking to Arvind Advanced Materials Limited. This strategic move, conducted as a slump sale, is aimed at restructuring the company’s operations and could have significant implications for its stakeholders.
More about Arvind Limited
Arvind Limited operates in the textile industry, focusing on manufacturing and distributing a wide range of fabrics and garments. The company is known for its advanced materials and has a significant market presence in both domestic and international markets.
YTD Price Performance: -7.78%
Average Trading Volume: 34,119
Current Market Cap: 99.82B INR
For an in-depth examination of ARVIND stock, go to TipRanks’ Stock Analysis page.