Raymond surges after alloting NCDs worth Rs 200 crore

11 Feb 2021

Raymond is currently trading at Rs. 339.25, up by 4.35 points or 1.30% from its previous closing of Rs. 334.90 on the BSE.

The scrip opened at Rs. 334.00 and has touched a high and low of Rs. 341.55 and Rs. 332.75 respectively. So far 19454 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 635.70 on 12-Feb-2020 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. 352.10 and Rs. 327.30 respectively. The current market cap of the company is Rs. 2261.18 crore.

The promoters holding in the company stood at 48.27%, while Institutions and Non-Institutions held 10.76% and 40.98% respectively.

Raymond has allotted 2000, 9% Secured Listed Rated Redeemable Non-Convertible Debentures (NCDs) (Series P) of Face Value Rs. 10,00,000 each at par, aggregating to Rs 200 crore on Private Placement basis. The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India.

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.

Related Raymond Ltd. Links:

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