Raymond has received an approval to raise up to Rs 100 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis. The committee of directors of the company at a meeting held on February 9, 2016 has approved for the same.
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.