Raymond, India’s leading manufacturer and retailer of fabrics and garments, has been prohibited from the National Stock Exchange’s (NSE) derivatives segment and no contracts shall be available for trading in the above mentioned securities with effect from September 27, 2013, as it failed to meet the eligibility criteria prescribed by the regulator.
The existing unexpired contracts of expiry months July 2013, August 2013 and September 2013 would however continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months.
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, with a capacity of producing 31 million meters of wool & wool-blended fabrics.
