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

02 Nov 2015 Evaluate

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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Company Name CMP
Raymond 1580.15
Siyaram Silk Mills 574.05
KG Denim 33.65
Ludlow Jute &Special 86.65
BSL 205.45
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