Raymond trades higher on raising Rs 100 crore through NCDs

Raymond is currently trading at Rs. 627.35, up by 8.70 points or 1.41% from its previous closing of Rs. 618.65 on the BSE.

The scrip opened at Rs. 624.00 and has touched a high and low of Rs. 636.00 and Rs. 624.00 respectively. So far 13393 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 708.00 on 14-Dec-2021 and a 52 week low of Rs. 310.00 on 23-Apr-2021.

Last one week high and low of the scrip stood at Rs. 647.85 and Rs. 611.60 respectively. The current market cap of the company is Rs. 4170.18 crore.

The promoters holding in the company stood at 49.12%, while Institutions and Non-Institutions held 11.40% and 39.48% respectively.

Raymond has raised Rs 100 crore through Secured Listed Rated Redeemable Non-Convertible Debentures (NCDs) and allotted 1000, 7.6% NCDs having face value of Rs 10,00,000 each at par, on Private Placement basis. Date of Maturity of said NCDs will be December 26, 2024. The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India.

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.

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