Raymond’s promoter -- JK Investors has acquired 15,570 equity shares of the company for an amount of Rs 1.50 crore through open market purchase on June 20, 2018 to June 21, 2018.
After this acquisition, the promoter entity's stake has increased to 18261514 equity shares or 29.75% from 18245944 equity shares or 29.72%.
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.