LIC cuts stake in Raymond to 5.53%

15 Oct 2016

Life Insurance Corporation (LIC), the country’s largest insurer has reduced its stake in fabrics and garments firm Raymond by 2.01%, by selling 12.34 lakh shares of the company in the open market. The country’s largest insurer which had 7.54% stake earlier, had brought down its shareholding in the company to 5.53% by selling shares between March 15, 2012, and October 10, 2016.

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

530.95 -15.80 (-2.89%) Feb 28, 11:07
1 Year Price Chart
Peers
Company Name CMP
Raymond 530.95
Siyaram Silk Mills 220.20
Aarvee Denims & Exp. 11.62
KG Denim 29.45
BSL 31.00
View more..
Sensex vs Raymond
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463