Raymond’s arm enters into SPA to acquire Robot Systems

Raymond’s unlisted wholly owned subsidiary company, Silver Spark Apparel, has entered into a Share Purchase Agreement (SPA) with Gokaldas Exports, Robot Systems and Gautam Chakravarti for acquisition of entire shareholding in Robot Systems, a wholly owned subsidiary of Gokaldas Exports.

The said transaction will be subject to the terms and conditions mentioned in the agreement(s) entered into by the parties.

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, with a capacity of producing 38 million meters of wool & wool-blended fabrics.