Arvind Mills spurts on business rejig news

DALAL STREET SPIKES

Textiles major Arvind Mills saw a spurt in stock prices on reports that it was undertaking a major restructuring exercise. The share shot up from Rs 46.35 to Rs 48, up 3.56 per cent. Over 19 lakh shares were traded on the BSE.

The group will merge its strategic business unitsunder two main divisions "� apparels and textiles. As part of this, the strategic business units under the fabrics divisionwill not be merged.