Raymond invests additional Rs 5 crore in the equity share capital of RZL

20 Sep 2013

Raymond, India’s leading manufacturer and retailer of fabrics and garments, has further invested Rs 5 crore in the equity share capital of Raymond Zambaiti (RZL), a jointly controlled entity of Raymond. With this investment, the total equity contribution of Raymond has increased to 52.87% in RZL’s equity share capital, thereby making Raymond Zambaiti a subsidiary of Raymond with effect from September 18, 2013.

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.

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