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Raymond gains as its arm enters into SPA to acquire Robot Systems

06 Apr 2015

Raymond is currently trading at Rs. 457.00, up by 3.20 points or 0.71% from its previous closing of Rs. 453.80 on the BSE.

The scrip opened at Rs. 463.50 and has touched a high and low of Rs. 463.50 and Rs. 456.00 respectively. So far 10,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 579.50 on 09-Dec-2014 and a 52 week low of Rs. 291.50 on 02-May-2014.

Last one week high and low of the scrip stood at Rs. 463.50 and Rs. 420.60 respectively. The current market cap of the company is Rs. 2,805.00 crore.

The promoters holding in the company stood at 40.20% while Institutions and Non-Institutions held 19.79% and 38.69% respectively.

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.

Related Raymond Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323