Foreign institutional investors (FIIs) have raised their stake in Raymond by 18 basis points to 6.68 percent in Q2FY16 from 6.5 percent in Q1FY16. However, the domestic institutional investors (DIIs) have reduced their shareholding in the company by 23 basis points to 13.42 percent at the end of September 2015 quarter from 13.65 percent as on June 30, 2015.
Meanwhile, non institutions were holding 37.77 percent stake at the end of September 2015 quarter, down 16 basis points from 37.93 percent as on June 30, 2015, while the corporate bodies were holding 10.05 percent stake at the end of September 2015 quarter, down 70 basis points from 10.75 percent as on June 30, 2015.
Further, the promoters have raised shareholding in the company by 21 basis points to 40.82 percent at the end of September 2015 quarter from 40.61 percent as on June 30, 2015.
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.
