MoneyWorks4Me

Raymond divests entire stake in Scissors Engineering Products

02 Nov 2021 Evaluate

Raymond has divested its entire stake in Scissors Engineering Products (SEPL), a wholly-owned Subsidiary of the Company to JK Files (India), another wholly-owned subsidiary of the Company. Accordingly, SEPL has ceased to be a direct subsidiary of the Company effective from October 31, 2021.

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.

Peers
Company Name CMP
Bharat Heavy Elect. 427.60
Thermax 3231.40
Kirloskar Industries 3466.45
Skipper 539.95
INDO-MIM 1318.45
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