Hot Pursuit     21-Jun-23
Raymond board OKs raising Rs 1,100 cr via NCDs
Raymond said that the board approved allotment of non-convertible debentures (NCDs) for Rs 1,100 crore on private placement basis to its associate company, Raymond Consumer Care.
The deemed date of allotment is on 22 June 2023. The NCDs have a coupon rate of 8.75% p.a. and has tenure of 730 days.

Raymond is a leading manufacturer of worsted suiting fabrics and garments in India. It also has a presence in precision engineering products and real estate.

The company reported 26.19% decline in consolidated net profit to Rs 194.35 crore in Q4 FY23 as against Rs 263.31 crore in Q4 FY22. However, net revenue from operations increased 9.81% YoY to Rs 2,150.18 crore in the quarter ended 31 March 2023.

The scrip fell 0.87% to end at Rs 1,731.10 on the BSE.

Previous News
  Raymond gains after robust Q3 results
 ( Hot Pursuit - 27-Jan-22   10:28 )
  Raymond Consumer Care sells its FMCG business to Godrej Consumer Products
 ( Corporate News - 27-Apr-23   16:28 )
  Raymond to conduct AGM
 ( Corporate News - 07-Jun-24   10:14 )
  Raymond to consider NCD issuance up to Rs 200 cr
 ( Corporate News - 25-May-20   16:17 )
  Raymond reports consolidated net profit of Rs 80.90 crore in the June 2022 quarter
 ( Results - Announcements 06-Aug-22   08:25 )
  Raymond to issue NCDs up to Rs 100 cr
 ( Corporate News - 17-Dec-21   12:45 )
  Raymond consolidated net profit rises 17.94% in the March 2024 quarter
 ( Results - Announcements 03-May-24   13:42 )
  Raymond gains on realty foray
 ( Hot Pursuit - 25-Apr-18   10:16 )
  Raymond consolidated net profit rises 33.50% in the September 2019 quarter
 ( Results - Announcements 25-Oct-19   10:29 )
  Raymond schedules board meeting
 ( Corporate News - 07-Jan-21   17:09 )
  Raymond to announce Quarterly Result
 ( Corporate News - 27-Jul-23   11:01 )
Other Stories
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
  HDFC Bank Ltd spurts 2.62%, rises for third straight session
  03-Jul-24   13:05
  Samvardhana Motherson International Ltd gains for third consecutive session
  03-Jul-24   13:05
  ICICI Prudential Life Insurance Company Ltd spurts 2.47%, up for five straight sessions
  03-Jul-24   13:00
Back Top