The Securities and Exchange Board of India (Sebi) has asked Arvind Mills for more detailed information following the filing of its Rs 75 crore rights issue, the Business Standard reported.

The company has been asked about the `sacrifices' that the banks and financial institutions would have to make in reducing its debt burden and the restructuring which is under way at the company. Banks are expected to sacrifice close to Rs 1,000 crore as part of the restructure.

While the revamp will reduce the company's Rs 2,200 crore debt by nearly half, it will still have to pay up Rs 1,300 crore.

The Sebi has also sought details of its future prospects, including cash flow and plans to sustain its earnings in the future. Or whether the company will be able to meet its obligations in the long term in case the lenders opt for a longer repayment period.