Raymond to raise Rs 100 crore through non-convertible debentures

Tenure of the instruments would be 1,095 days from the deemed date of allotment, which is September 29, 2020.

Textile and Apparels firm Raymond Ltd on Thursday said it will raise Rs 100 crore through NCDs on a private placement basis.

The Committee of Directors approved the Issue of Non-Convertible Debentures (NCDs) of Rs 100 crore on private placement basis, the company said in a BSE filing.

The NCDs, which would have a coupon rate of 8.60 per cent, would be listed on the National Stock Exchange of India, it added.

Tenure of the instruments would be 1,095 days from the deemed date of allotment, which is September 29, 2020.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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