Raymond gains on getting nod to raise Rs 100 crore through NCDs

25 Sep 2020 Evaluate

Raymond is currently trading at Rs. 258.40, up by 5.30 points or 2.09% from its previous closing of Rs. 253.10 on the BSE.

The scrip opened at Rs. 256.25 and has touched a high and low of Rs. 261.40 and Rs. 255.60 respectively. So far 11117 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 838.00 on 11-Nov-2019 and a 52 week low of Rs. 209.50 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 282.70 and Rs. 252.25 respectively. The current market cap of the company is Rs. 1775.72 crore.

The promoters holding in the company stood at 48.27%, while Institutions and Non-Institutions held 15.38% and 36.35% respectively.

Raymond has received approval for the issuance of Non-Convertible Debentures (NCDs) of Rs 100 crore on private placement basis. The Committee of Board of Directors of the Company at its meeting held on September 24, 2020 has approved the same.

The NCDs, which would have a coupon rate of 8.60 percent, would be listed on the National Stock Exchange of India. Tenure of the instruments would be 1,095 days from the deemed date of allotment, which is September 29, 2020.

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.

 

Raymond Share Price

1808.50 2.45 (0.14%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Raymond 1808.50
Siyaram Silk Mills 435.50
Manomay Tex India 171.00
Ludlow Jute &Special 83.80
KG Denim 25.15
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