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Raymond inches up on getting nod to raise Rs 100 crore via NCDs
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Raymond is currently trading at Rs. 657.65, up by 0.30 points or 0.05% from its previous closing of Rs. 657.35 on the BSE.
The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 663.70 and Rs. 652.50 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 676.00 on 30-Nov-2021 and a 52 week low of Rs. 305.20 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 670.00 and Rs. 629.55 respectively. The current market cap of the company is Rs. 4415.50 crore.
The promoters holding in the company stood at 49.12%, while Institutions and Non-Institutions held 11.40% and 39.48% respectively.
Raymond has received an approval for the issuance of Non-Convertible Debentures (NCDs) aggregating up to an amount not exceeding Rs 100 crore on Private Placement basis. 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.
