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21-Mar2018

Raymond gains on planning to raise Rs 100 crore through NCDs

Raymond is currently trading at Rs. 927.20, up by 16.25 points or 1.78% from its previous closing of Rs. 910.95 on the BSE.

The scrip opened at Rs. 924.50 and has touched a high and low of Rs. 932.00 and Rs. 920.05 respectively. So far 4979 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1141.00 on 09-Jan-2018 and a 52 week low of Rs. 598.10 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 955.95 and Rs. 894.10 respectively. The current market cap of the company is Rs. 5591.49 crore.

The promoters holding in the company stood at 43.34%, while Institutions and Non-Institutions held 29.34% and 27.32% respectively.

Raymond is planning to issue Non-Convertible Debentures (NCDs), aggregating up to an amount of Rs 100 crore on private placement basis. A meeting of the committee of board of directors of the company will be held on March 23, 2018 to consider and approve the same. The said NCDs are proposed to be listed on NSE's WDM segment.

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.


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