Raymond is planning to raise funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating up to an amount not exceeding Rs 40 crore on Private Placement basis; and Commercial Papers (CPs) aggregating up to an amount not exceeding Rs 100 crore. The said Non-Convertible Debentures are proposed to be listed on NSE’s WDM Segment. A meeting of the Committee of Directors of the Board of Directors of the company will be held on November 20, 2020, to consider and approve 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.