Arvind’s demerged arm Anup Engg listing today

The demerged entity of Arvind, Anup Engineering, will list on the exchange on Friday. Last year, Arvind had demerged its branded retail and small engineering businesses into three different entities — Arvind, Arvind Fashions and Anup Engineering. Shareholders of Arvind had been allotted one equity share of Anup Engineering (formerly Anveshan Heavy Engineering) for every 27 shares. Anup Engineering manufactures critical process equipment for several core industries.