Raymond, one of the largest integrated manufacturer of worsted fabric announced that the company has infused Rs. 616.8 million in Raymond Luxury Cottons (RLCL) by subscribing to the further issue of equity shares.
RLCL has allotted the equity shares and the investment of Raymond in the equity share capital of RLCL now stands at Rs. 1,276.8 million constituting 75.69% of the equity capital.
Shares of the company gained Rs 3.9, or 0.95%, to trade at Rs 415.55. The total volume of shares traded was 5,384 at the BSE (3.20 p.m., Tuesday).