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Raymond considers raising ₹100 crore through NCDs
19 May '20
1 min read
Pic: Raymond Ltd
Raymond Limited, India's biggest woollen fabrics maker and the largest integrated fabric manufacturer in the world, is planning to raise up to ₹100 crore through the issue of non-convertible debentures (NCDs) on private placement basis. The committee of directors of the company's board of directors will consider this proposal for approval this week.
"A meeting of the Committee of Directors of the Board of Directors of the company will be held on Thursday, May 21, 2020 inter alia, to consider and approve the issue of NCDs aggregating up to an amount not exceeding ₹100 crore on private placement basis," Raymond Ltd said in a filing with the stock exchanges.
"The said NCDs are proposed to be listed on NSE's wholesale debt market (WDM) segment," the filing added.
Fibre2Fashion News Desk (RKS)
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