MoneyWorks4Me

Raymond’s arm acquires 100% stake in Raymond America Apparel

26 Apr 2023 Evaluate

Raymond’s wholly owned subsidiary -- Silver Spark Apparel has acquired 100% stake in Raymond America Apparel INC (RAAI) incorporated in New Jersey. The acquisition was completed on April 25, 2023. The objective of acquisition to increase market presence in North America.

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. 388.35
Zetwerk Manufactur 142.05
Thermax 3116.80
Kirloskar Industries 3089.00
Skipper 483.25
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