Raymond has informed that the Board of Directors of Raymond at their meeting held today have approved providing Sponsor Support and Undertaking/ Shortfall Undertaking in relation to the construction loan for an amount up to Rs 350 Crore to be availed by Ten X Realty, a step down wholly owned subsidiary of the Company. The details as required under Listing Regulations read with SEBI Master Circular No. SEBI/ HO/ CFD/ PoD2/ CIR/ P/ 2023/120 dated July 11, 2023 are enclosed as Annexure A. The meeting of the Board of Directors commenced at 2:00 pm and concluded at 04:10 pm.
The above information is a part of company’s filings submitted to BSE.
