News about Raymond Limited

December 6th, 2007

The media had reports that Raymond Ltd. may enter into a tie-up with an established player in the textile space and may also unlock value for its real estate assets in Thane.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Raymond Ltd. has vide its letter inter-alia stated, “We have to clarify that there is no such proposal under consideration of the Board of Directors of our Company.”

Entry Filed under: Equities, NSE, Textiles

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