Raymond gets nod to raise Rs 100 crore via NCDs

17 Dec 2021 Evaluate

Raymond has received an approval for the issuance of Non-Convertible Debentures (NCDs) for an amount up to Rs 100 crore on Private Placement basis. Tenure of instrument is 1095 days from the Deemed Date of Allotment. The said NCDs are proposed to be listed on National Stock Exchange of India (NSE). The floor rate will be 7.6% p.a. payable annually. The Committee of Board of Directors of the Company in their meeting held on December 17, 2021 has approved the same.

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.

Raymond Share Price

1745.65 44.30 (2.60%)
07-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Raymond 1745.65
Siyaram Silk Mills 898.45
BSL 270.40
Manomay Tex India 217.90
Ludlow Jute &Special 254.85
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