QUICK TAKE: DELEVERAGING GAINS FOR ARVIND FASHIONS

Adding to its recent gains, shares of Arvind Fashions hit a 52-weekhighbeforeclosing9%higheronmonday.thegains follow the company, last weekend, approving preferential allotment of equity shares worth ~439 crore to marquee investors and promoters at ~218.50 per share. Analysts say the fund raise will lower debt and provide capital for growth