Raymond is planning to issue Non-Convertible Debentures (NCDs), aggregating up to an amount of Rs 100 crore on private placement basis. A meeting of the committee of board of directors of the company will be held on March 23, 2018 to consider and approve the same. The said NCDs are proposed to be listed on NSE’s WDM segment.
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.