|
| Exchange Disseminated Time 12/05/2016 13:57:01 | Arvind Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2016, inter alia, has
transacted the following :
1. The Board of Directors has recommended a dividend @ 24% i.e. Rs. 2.40 per equity share of Rs.10 each of the Company for the year ended on March 31, 2016 subject to approval of the shareholders in the next Annual General Meeting.
2. The Board of Directors has approved issue of Non-Convertible Debentures (NCDs) upto Rs.500 crores on Private Placement Basis to meet with general corporate purposes including capital expenditure, augmenting long term working capital and refinance of existing loans.
The meeting of the Board of Directors of the Company commenced at 12.00 noon and concluded at 1.45 p.m. |
|
|