Raymond is planning to raise funds by way of issue of Non-Convertible Debentures (NCDs) aggregating up to an amount not exceeding Rs 100 crore on private placement basis. The said NCDs are proposed to be listed on NSE’s WDM Segment. The meeting of the Board of Directors of the company is scheduled on May 21, 2020, to consider 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.