Stocks

What to watch: Raymond: Focus on corporate revamp

| Updated on November 07, 2019 Published on November 08, 2019

The board of Raymond on Thursday approved a composite scheme of arrangement involving Raymond Apparel Ltd (RAL) and Scissors Engineering Products Ltd (SEPL). The scheme envisages the amalgamation of RAL and SEPL with Raymond Ltd; demerger of the lifestyle business undertaking of Raymond Ltd into a new company on a going concern basis; and cancellation and reduction of existing share capital of Raymond. Shareholders will closely monitor further development.

Published on November 08, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.