Raymond is planning to raise funds by way of issue of Non-Convertible Debentures (NCDs) aggregating to Rs 80 crore on private placement basis. The meeting of the Committee of Board of Directors of the Company will be held on May 31, 2020 to consider and approve the same.
The said NCD’s are proposed to be listed on National Stock Exchange (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.