Raymond strengthens on hiking stake in RLCL to 75.69%

19 Nov 2015

Raymond is currently trading at Rs 413.00, up by 4.70 points or 1.15% from its previous closing of Rs. 408.30 on the BSE.

The scrip opened at Rs. 410.05 and has touched a high and low of Rs. 413.80 and Rs. 410.00 respectively. So far 821 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 579.50 on 09-Dec-2014 and a 52 week low of Rs. 360.05 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 419.00 and Rs. 406.20 respectively. The current market cap of the company is Rs. 2537.18 crore.

The promoters holding in the company stood at 40.82% while Institutions and Non-Institutions held 20.09% and 37.77% respectively.

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.

Related Raymond Ltd. Links:

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