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Raymond’s arm inks business transfer pact to sell its Forging Business

02 Nov 2015

Raymond’s unlisted step-down subsidiary -- Ring Plus Aqua (RPAL) -- has entered into a business transfer agreement to sell/ transfer as a going concern its Forging Business to Trinity India Forgetech, a subsidiary of Smita Steels Rolling Mills for a total consideration of Rs 26 crore, subject to fulfilment of conditions precedent.

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.

 

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Raymond Share Price

595.25 -28.90 (-4.63%) Nov 26, 18:01
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Company Name CMP
Raymond 595.25
Siyaram Silk Mills 443.05
Ludlow Jute &Special 96.50
KG Denim 43.00
BSL 100.05
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SEBI Registered: Investment Adviser - INA000013323

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