Arvind Limited — JV/Acquisition, 21-02-2025: Acquisition

Arvind Limited has acquired a 10% equity stake in Purfi Arvind Manufacturing India Private Limited, purchasing 10,000 equity shares for a total consideration of Rs. 1,00,000. This joint venture aims to focus on rejuvenating textile waste material, aligning with increasing demand for sustainable practices in the textile industry. The acquisition supports Arvind's strategic intent to diversify and expand its footprint in eco-friendly textile solutions. The transaction is structured as a cash consideration, with completion anticipated by February 21, 2025.