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18-Apr2017

Raymond zooms on plans to raise Rs 150 crore through NCDs

Raymond is currently trading at Rs. 695.70, up by 48.90 points or 7.56% from its previous closing of Rs. 646.80 on the BSE.

The scrip opened at Rs. 647.00 and has touched a high and low of Rs. 704.00 and Rs. 647.00 respectively. So far 438927 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 704.00 on 18-April-2017 and a 52 week low of Rs. 395.00 on 25-Apr-2016.

Last one week high and low of the scrip stood at Rs. 704.00 and Rs. 629.95 respectively. The current market cap of the company is Rs. 4284.38 crore.

The promoters holding in the company stood at 42.93%, while Institutions and Non-Institutions held 22.46% and 34.60% respectively.

Textile and apparel maker Raymond is planning to raise Rs 150 crore through issuance of non-convertible debentures (NCDs) on private placement basis. The Committee of Board of Directors of the Company in their meeting, scheduled to be held on April 19, 2017, will consider 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.


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