News about Arvind Mills Limited
February 7th, 2008
The media had reports that Arvind Mills Ltd may hive off its retail (Mega Mart) and brands segment (Arvind Brands) into separate companies and may list them subsequently.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Arvind Mills Ltd has vide its letter inter-alia stated, “The company constantly evaluates various proposals and options to maximize the business potential and enhance shareholder value. However, currently there is no such proposal as speculated in the media before the Board of Directors at this point of time.”
Entry Filed under: Equity Markets, NSE, Textiles
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