High on fashion: Arvind to demerger branded apparel
Arvind L imited is engaged in the business textiles, fashions, engineering business and other business. The company is a leading fabric and apparel supplier to world’s top brands and a prominent technical textiles player. Arvind Fashions Limited (AFL ) is a leading branded apparel and accessory platform. Branded apparels (comprising 30-40 percent of the total consolidated revenue) reported an impressive set of numbers in terms of turnover and operational efficiency. Engineering business has shown impressive revenue growth, is debt free and has good EBITDA margin in all segments of the company TRANSACTION Arvind Ltd has decided to demerge and publicly list its branded apparel and engineering businesses to focus more on its core textiles business. Demerger of the branded apparel and engineering arms of the company, thereby creating two new listed companies by the name of Arvind Fashions and Anup Engineering, respectively. Currently, branded business is carried out as a di...