Arvind Ltd. announced that the Board of Directors of the company at its meeting held on May 9, 2018 has recommended a dividend at 24% that is INR 2.40 per equity share of INR 10 each of the company for the year ended March 31, 2018.

The company plans to raise up to INR 5,000 million via issuance of Non-Convertible Debentures (NCDs) on a private placement basis.