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Corporate News
03-Oct-23
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Board of Raymond approves investment of up to Rs 301 cr in Ten X Realty
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At meeting held on 03 October 2023
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The Board of Raymond at its meeting held on 03 October 2023 has approved to invest an amount up to Rs 301 crore in one or more tranches in Ten X Realty (TXRL)n , a step-down wholly subsidiary of the company.
Out of the said investment, the Company will invest up to Rs 125 crore in the form of Redeemable Preference Shares which would be subject to such terms as may be finally decided and agreed. Balance amount of Rs 176 crore will be invested by providing Inter Corporate Deposit (ICD) to TXRL.
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