Raymond has received an approval for the issuance of Non-Convertible Debentures (NCDs) for an amount up to Rs 100 crore on Private Placement basis. Tenure of instrument is 1095 days from the Deemed Date of Allotment. The said NCDs are proposed to be listed on National Stock Exchange of India (NSE). The floor rate will be 7.6% p.a. payable annually. The Committee of Board of Directors of the Company in their meeting held on December 17, 2021 has approved 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.