Corporate Announcement
Security Code : 500330    Company : RAYMOND    
 
Updates on SubsidiaryDownload PDF
  Exchange Disseminated Time     21/09/2016 16:53:41
Raymond Ltd has informed BSE that Ring Plus Aqua Limited (RPAL), an unlisted subsidiary of Raymond Ltd. has entered into a Share Purchase Agreement with Neel Metals Products Limited, to transfer by way of sale its entire equity share holding of 1,04,30,631 equity shares in its 50:50 Joint Venture Company namely; Rose Engineered Products India Private Limited (ROSE).

Consequent to said transaction ROSE ceases to be an Associate of RPAL and Raymond Ltd. The Enterprise Value of ROSE was arrived at Rs. 20.19 crore.
 

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