Arvind share price (NSE: ARVIND) rose nearly 13% on May 7, hitting a fresh 52-week high of ₹441.70 on the NSE after the company announced a major acquisition through its US subsidiary.
The stock continued to attract strong buying interest during the session and was trading around ₹436, up nearly 12% from the previous close. Trading volumes also surged, with shares worth around ₹137 crore changing hands on the NSE and BSE.
Arvind’s wholly-owned subsidiary, Arvind Advanced Materials Limited (AAML), announced the acquisition of a nearly 61% stake in Dalco-GFT, a US-based manufacturer of specialised non-woven technical fabrics.
The company said the acquisition supports its strategy to strengthen its global supply chain, expand partnerships and improve resilience amid changing global trade conditions.
Management described the deal as an important milestone for growth.
Vice Chairman Punit Lalbhai said the acquisition gives Arvind entry into the world’s largest technical textile market through a technologically strong platform.
The existing shareholders of Dalco-GFT will continue to hold around 39% stake, showing confidence in the business.
The company expects the acquisition to support long-term growth through:
Management aims for annual growth of around 18–20% through these synergies.
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Arvind also announced the formation of multiple US-based entities connected to the transaction, including:
These entities will support the acquisition and operations in the US market.
Arvind shares gained strongly after investors welcomed its strategic US acquisition. The deal is expected to strengthen the company’s position in the technical textiles segment and support future global growth opportunities.
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Published on: May 7, 2026, 11:59 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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