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ā¢ Arvind Fashions will sell its entire equity stake in Arvind Beauty Brands to a subsidiary of Reliance Retail Ventures for Rs 99.02 crore.
ā¢ The transaction was completed at an enterprise value of Rs 216 crore, which will go towards the sale of the equity stake and repayment of outstanding loans.
ā¢ Shares of Arvind Fashions have risen 23.05% in the past six months, while the Nifty 50 has given returns of 6.46%.