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.

 

Related Raymond Ltd. Links:

Raymond Share Price

691.40 -1.20 (-0.17%) Nov 22, 18:01
1 Year Price Chart
Peers
Company Name CMP
Raymond 691.40
Siyaram Silk Mills 229.10
Aarvee Denims & Exp. 13.48
KG Denim 24.55
BSL 30.45
View more..
Sensex vs Raymond
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463