Arvind has finalised deal to acquire 49 percent stake jointly held by the Murjani Group and the US-based private equity fund Matrix Partners in Calvin Klein India for close to Rs 100 crore, according to media reports.
The report also mentions that the deal will help the denim major widen its ties with its existing joint venture partner American clothing giant Phillips-Van Heusen Corp for Tommy Hilfiger brand. Formal announcement on the same is expected soon.
Ambit Corporate Finance was the sole advisor to the deal, says the report.
