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Raymond to raise Rs. 100 crore through NCDs

Textile major Raymond Limited on Monday announced that it is planning to raise Rs. 100 crore through non-convertible debentures (NCDs) on a private placement basis.

In a regulatory filing, the company said, “the Board of Directors of the company will be held on Thursday, May 21 to consider and approve the issue of Non-Convertible Debentures aggregating up to an amount not exceeding Rs.100 Crore on private placement basis.

The NCDs are proposed to be listed on NSE’s WDM Segment, it added.

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