Raymond’s wholly owned subsidiary -- Silver Spark Apparel (SSAL) has entered into a ‘Share Transfer Agreement’ for divestment of its entire stake in Dress Master Apparel (DMAPL), wholly owned subsidiary of SSAL. Accordingly, SSAL, on completion of conditions set forth in the Share Transfer Agreement, will divest its entire stake in DMAPL.
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.