Arvind Fashions Limited
Mahindra Manulife Mutual Fund decreased its stake in Arvind Fashions by selling 666,717 shares. This reduced their holding from 2.12% (2,828,423 shares) to 1.62% (2,161,706 shares). The value of the shares sold is approximately ₹28.62 crore, based on the share price of ₹429.30.
A speciality retailer in branded apparels and footwear, Arvind Fashions operates a diverse portfolio of owned and licensed global brands across multiple segments and price points. The company serves Indian consumers through various fashion categories, leveraging both international and domestic brand properties. Its distinctive approach combines curated global brands with local market expertise to capture different customer segments in the Indian retail space.
Joint venture between Mahindra Group and Manulife Investment Management of Canada. Manages over Rs 30,000 crore. Focuses on equity and hybrid fund strategies with a quality growth bias inherited from the Manulife global investment framework. Leverages the Mahindra Group's brand and distribution reach for retail investor outreach.