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Raymond to raise up to Rs 150 cr through NCDs

Press Trust of India  |  New Delhi 

Textile and apparel major 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," said in a filing.

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

of the company were trading down 1.22 per cent at Rs 720.90 apiece on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 19 2017. 13:07 IST