Raymond is planning to raise up to an amount not exceeding Rs 2,200 crore through Non-Convertible Debentures (NCDs) in two or more tranches on a private placement basis for repayment of external debt, to such associate company of the Company, as the Board may determine, subject to receipt of necessary approvals required under applicable law. The Board of Directors of Raymond at its meeting scheduled to be held on May 9, 2023, will consider 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.
