Arvind Limited has successfully raised approximately ₹500 crore through a Qualified Institutions Placement (QIP), with CMS INDUSLAW, AZB & Partners, and Duane Morris & Selvam acting as legal counsel on the transaction. The QIP comprised an issue of 99,00,990 equity shares and was fully subscribed by eligible Qualified Institutional Buyers. The deal closed on August 5, 2026, and was reported by Bar & Bench on August 11, 2026.
Introduction
Arvind Limited, a leading Indian textile and apparel company, completed a Qualified Institutions Placement comprising 99,00,990 equity shares at an issue price of ₹505.00 per share. The QIP opened on August 3, 2026, and closed on August 5, 2026, following the receipt of application forms and funds from eligible Qualified Institutional Buyers into the company’s escrow account. The transaction was managed with Motilal Oswal Investment Advisors Limited acting as the lead manager.
Deal Value
Arvind Limited raised approximately ₹500 crore through the QIP. The issue price of ₹505.00 per equity share comprised a face value of ₹10 and a share premium of ₹495.00 per share. The floor price for the QIP, set in accordance with the pricing formula prescribed under SEBI ICDR Regulations, was ₹518.58 per share, with the final issue price reflecting a permitted discount of 2.62% on that floor price.
Legal Teams Involved
Three law firms provided legal counsel across the two sides of this transaction. For a full view of active deal mandates across the Indian market, see the Deal Meter.
CMS INDUSLAW — Advised Arvind Limited
CMS INDUSLAW advised Arvind Limited on the QIP, covering preparation and review of transaction documentation and offer materials, regulatory and securities law considerations, and other matters relating to the issue. The transaction team comprised:
- Mathew Thomas — Partner
- Shambhavi Kumar — Principal Associate
- Anjanesh Vatsa — Principal Associate
- Aman Bahl — Senior Associate
- Kirti Gohil — Senior Associate
- Khushi Dua — Associate
- Preeti Gokhale — Associate
- Anoushka Sud — Associate
- Anushka Pawar — Associate
AZB & Partners — Advised Motilal Oswal Investment Advisors Limited
AZB & Partners advised Motilal Oswal Investment Advisors Limited, the lead manager on the QIP. Further details of the advising team were not disclosed.
Duane Morris & Selvam — Advised Motilal Oswal Investment Advisors Limited
Duane Morris & Selvam co-advised Motilal Oswal Investment Advisors Limited, the lead manager on the QIP. Further details of the advising team were not disclosed.
Significance and Impact
This QIP represents a significant capital markets exercise for one of India’s foremost textile and apparel conglomerates. The issue was fully subscribed by eligible Qualified Institutional Buyers, reflecting strong institutional appetite for Arvind Limited‘s equity. The proceeds provide Arvind Limited with additional financial flexibility to support its growth and strategic initiatives.
The transaction also highlights the continued role of multi-firm, cross-border legal advisory structures in Indian capital markets QIPs. The pairing of AZB & Partners for domestic counsel with Duane Morris & Selvam for international legal coverage on the lead manager’s side reflects market practice for placements that involve qualified institutional buyers across jurisdictions. CMS INDUSLAW‘s mandate on the issuer side, covering the full spectrum of securities law and regulatory compliance for the offer materials, underscores the firm’s active capital markets practice.
Arvind Limited‘s ₹500 crore QIP, completed on August 5, 2026, was a fully subscribed institutional placement that drew legal advisory mandates for CMS INDUSLAW, AZB & Partners, and Duane Morris & Selvam. The fundraise strengthens the company’s balance sheet and positions it to pursue its stated growth and strategic objectives. Full details of the advising teams at AZB & Partners and Duane Morris & Selvam were not disclosed.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
