Raymond surges on investing additional Rs 5 crore in the equity share capital of RZL

20 Sep 2013

Raymond is currently trading at Rs 235.50, up by 1.70 points or 0.73% from its previous closing of Rs 233.80 on the BSE.

The scrip opened at Rs 234.90 and has touched a high and low of Rs 238.00 and Rs 232.00 respectively. So far 14187 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 488.90 on 11-Dec-2012 and a 52 week low of Rs 176.40 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 238.40 and Rs 215.00 respectively. The current market cap of the company is Rs 1435.08 crore.

The promoters holding in the company stood at 38.54% while Institutions and Non-Institutions held 28.87% and 31.21% respectively.

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.

Related Raymond Ltd. Links:

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