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Raymond’s arm signs binding term sheet for joint redevelopment of residential project in Mumbai

18 Jan 2022 Evaluate

Raymond’s step-down wholly owned subsidiary --Ten X Realty has signed a binding term sheet for joint redevelopment of residential project in the western sub-urban district of Mumbai. The project is estimated to have, an aggregate, revenue potential of around Rs 2,000 crore over a period of next 5 years. This is in line with the company's growth plan to expand its realty horizons beyond Thane.

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.

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Bharat Heavy Elect. 427.60
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Kirloskar Industries 3466.45
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