Arvind, one of the largest integrated textile and branded apparel players, announced that its subsidiary, Arvind Lifestyle Brands has entered into a license agreement with Aeropostale, Inc., the specialty retailer of casual and active apparel for young women and men.

The New York based youth retailer boasts of over 1,000 locations across the US, Canada and through licensing partnerships in the Middle East, Asia, Europe, Mexico and South America.

The license agreement covers brick and mortar retail locations as well as e-commerce.

"Arvind Lifestyle Brands is expected to open 30 standalone stores and 25 shop-in-shop locations over the next three years, beginning March 2016. Arvind will also launch e-commerce selling of Aeropostale products in India," the company said.

Shares of the company gained Rs 2.3, or 0.86%, to trade at Rs 269.70. The total volume of shares traded was 47,095 at the BSE (10.15 a.m., Thursday).