Raymond hikes stake in RLCL to 75.69%

18 Nov 2015

Raymond has infused Rs 61.68 crore in Raymond Luxury Cottons (RLCL) by subscribing to the further issue of equity shares comprising 6,16,80,000 equity shares of Rs 10 each. RLCL has allotted the equity shares and the investment of the company in the equity share capital of RLCL now stands at Rs 127.68 crore constituting 75.69% of the equity capital.

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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