Apparel Hits: 2253

Raymond board approves raising Rs 200 crore though NCD

Apparel Hits: 2253
Raymond board approves raising Rs 200 crore though NCD
Apparel Hits: 2253

Textiles major Raymond’s board has approved raising upto Rs 200 crore through non-convertible debentures (NCDs) on a private placement basis. A meeting of the committee of board of directors of the company was held recently. The committee of directors at the said meeting have approved the issue of non-convertible debentures for an amount up to Rs 200 crore on private placement basis," Raymond informed in a regulatory filing.

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