Arvind Fashions a leading casual wear and denim manufacturer, on Saturday said it has raised Rs 439 crore by issuing equity shares of the company.

This will allow the business to pursue its growth strategy AFL said in a statement.

The investors who participated in the fund raiser are Akash Bhanshali, existing shareholders such as ICICI Prudential Mutual Fund, various foreign institutional investors, including University of Notre Dame Du Lac, GP Emerging Markets Strategies LP and The Ram Fund LP.