Raymond to raise up to Rs 150 cr through NCDs

"The committee of directors approved issue of non-convertible debentures (NCDs) aggregating up to an amount of Rs 150 crore on a private placement basis," Raymond said in a BSE filing.

April 19, 2017 / 01:31 PM IST

Ganesha Ecosphere | The promoter shareholding for September quarter 2019: 39.91%; December quarter 2019: 40.13%; March quarter 2020: 40.36%; and June quarter 2020: 40.37%. It's debt-to-equity for FY20 was 0.19x. In the last one-year stock price has moved up 10 percent to Rs 269.85 as on September 08, 2020.

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Textile and apparel major Raymond today said its board has approved raising up to Rs 150 crore through issuance of non convertible debentures on private placement basis.

"The committee of directors approved issue of non-convertible debentures (NCDs) aggregating up to an amount of Rs 150 crore on a private placement basis," Raymond said in a BSE filing.

However, the company did not elaborate on the purpose of raising funds.

Shares of the company were trading down 1.22 percent at Rs 720.90 apiece on the BSE.

Tags: #BSE #Business #Raymond #Textile

first published: Apr 19, 2017 01:05 pm

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Raymond to raise up to Rs 150 cr through NCDs

"The committee of directors approved issue of non-convertible debentures (NCDs) aggregating up to an amount of Rs 150 crore on a private placement basis," Raymond said in a BSE filing.