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Raymond hikes stake in Raymond Luxury Cottons

Capital Market 

Invest Rs 61.68 crore

Raymond has infused Rs. 61.68 crore (6,16,80,000 equity shares of Rs.10/- each) in Raymond Luxury Cottons (RLCL) by subscribing to the further issue of equity shares.

RLCL has allotted the equity shares and the investment of Raymond in the equity share capital of RLCL now stands at Rs. 127.68 crore constituting 75.69% of the equity capital.

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First Published: Tue, November 17 2015. 16:47 IST