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Provider: Reuters Investment Profile
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Provider: Wright Reports
$75.00
Provider: Finquest Securities Pvt Ltd
$104.00
Provider: Finquest Securities Pvt Ltd
$150.00

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Raymond Ltd Plans Stake Sale In Engineering Arm, Eyes INR3 Billion - Business Standard


Thursday, 17 Oct 2013 09:35am EDT 

Business Standard reported that plans to offload a minority stake in its engineering subsidiary, JK Files. According to people in the know, Avendus Capital has been appointed to find a suitable investor. Raymond is trying to attract private equity or strategic investors to raise INR2.50-INR3.00 billion. Raymond will use proceeds from the stake sale to fund global buyouts, as well as expanding its manufacturing facilities. 

Company Quote

421.5
-4.75 -1.11%
19 Aug 2014