Related Keywords: apparel and textile company, Arvind, borrowing limit, business requirement, expansion activities
Arvind Ltd, an Ahmedabad based apparel and textiles company would be seeking shareholders’ consent to increase its borrowing limit to fund expansion activities as well as for future business requirements. The company’s current borrowing limit is Rs 3,000 which it is considering to increase to Rs 5,000 crore.
The company will be putting up a special resolution at the forthcoming Annual General Meeting (AGM) of the members of the company to be held on July 30, 2014.
