Raymond board approves raising up to Rs 200 cr via NCDs, Retail News, ET Retail

Textiles main Raymond Ltd on Thursday stated its board has accredited elevating as much as Rs 200 crore by way of non-convertible debentures (NCDs) on a private placement basis.

“A gathering of the committee of board of administrators of the corporate was held at this time i.e. on January 21, 2021. The committee of administrators on the stated assembly… accredited the problem of non-convertible debentures for an quantity as much as Rs 200 crore on personal placement foundation,” Raymond stated in a regulatory submitting.

Shares of Raymond Ltd had been trading 0.30 per cent increased at Rs 339.30 apiece on the BSE.