Raymond’s arm sells entire stake in ROSE for Rs 20.19 crore

22 Sep 2016

Raymond’s unlisted subsidiary - Ring Plus Aqua (RPAL) has entered into a Share Purchase Agreement with Neel Metals Products, to transfer by way of sale its entire equity share holding of 1,04,30,631 equity shares in its 50:50 Joint Venture Company namely ‘Rose Engineered Products India’ (ROSE). Consequent to said transaction ROSE ceases to be an associate of RPAL and Raymond. The Enterprise Value of ROSE was arrived at Rs 20.19 crore.

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

225.35 1.35 (0.60%) May 29, 18:01
1 Year Price Chart
Peers
Company Name CMP
Raymond 225.35
Siyaram Silk Mills 106.85
Aarvee Denims & Exp. 8.59
KG Denim 17.35
BSL 19.85
View more..
Sensex vs Raymond
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463