Arvind Invests Rs 48 Cr In Subsidiary ATPPL For Expansion

Arvind Limited has made a further investment of Rs 48 crore in its wholly owned subsidiary, Arvind Technical Products Private Limited (ATPPL), through a rights issue. This investment is aimed at meeting ATPPL’s long-term funding needs, working capital expenditure, and general corporate purposes. Arvind’s shareholding in ATPPL remains unchanged at 100% (including nominees).

ATPPL, a manufacturer of technical textile products, plays a key role in Arvind’s Advanced Materials Division, which focuses on sectors like personal protection, industrial filtration, wind energy, defense, and more. Arvind Limited is a leader in manufacturing high-end superfine fabrics and operates across multiple segments including denim, woven fabrics, and garment exports.