 "Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures")
The country's leading fabric and apparel manufacturer Raymond Ltd on Monday said it plans to raise Rs 100 crore from the market by issuing non-convertible debentures (NCDs).
The company's board is meeting on December 17 to consider and approve the NCDs, according to a regulatory filing from Raymond.
"A meeting of the committee of directors of the board of directors of the company will be held on Friday, December 17, 2021, to consider and approve the issuance of non-convertible debentures aggregating up to an amount not exceeding Rs 100 crore on a private placement basis," it said.
The said non-convertible debentures are proposed to be listed on the NSE's WDM (wholesale debt market) segment, Raymond added.
Shares of Raymond Ltd on Monday closed at Rs 657.35 on the BSE, up 0.12 per cent from the previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app