Arvind Mills has always been considered one of the most professional run and transparent companies in this sector. At living up to the expectations, we do whatever it takes to keep our existing as well as our potential customers happy and satisfied with ready made information on the company’s activities. Apart from that, the investor relation’s cell here is always ready to address any type of queries forwarded to the company regarding any issue.

We take it as a challenge to not to leave any single query or complaint pending. To help achieve that, we hereby seek your constructive suggestions. Contact us
 

Arvind Mills raises US$ 37.19 million through GDR offer

Arvind Mills Limited has announced that it has successfully raised US$ 37.19 million through the issue of 13.5 million Global Depositary Receipts (GDRs). A further 500,000 GDRs have been allocated as Greenshoe. Each GDR represents one underlying share.  The GDRs will be listed on the Luxembourg Stock Exchange.  ICICI Securities and ABN AMRO Rothschild acted as Joint Global Co-ordinators, Joint Book runners and Joint Lead Managers on this transaction.  Enam Financial Consultants Pvt. Ltd. acted as a Special Advisor to the Issue and Rajani Associates acted as Legal Advisors to the issue.

The GDR was priced at $2.7545 (Rupees 120) per GDR against a closing price of Rupees 126.75 per share on the BSE, Mumbai on July 11, 2005.

Mr. Jayesh Shah, Director of the Company, said that the positive response to the Issue reflects the confidence that global investors have in the Company and its position in the Indian Textile Industry.