Raymond fades a bit post approval for amalgamation of its subsidiaries
DSIJ Intelligence / 03 Aug 2017
The company has been maintaining a dividend payout of 24.75%. The company has delivered a growth of 8.16% over the past five years. It has return on equity of 4.97% for the last three years.
National Company Law Tribunal (NCLT), Mumbai Bench on Wednesday sanctioned the composite scheme of arrangement of Raymond Apparel Ltd. (RAL), a wholly-owned subsidiary of the company, and Color Plus Fashions, a wholly owned subsidiary of RAL.
Post this development, the stock on Thursday’s trade slipped over 1% at Rs 768.70 per share on BSE at 1130 hours.
The stock on NSE has attracted a traded volume of 2,28,272 shares and a traded value Rs 1,748.15 lakh.
The company has been maintaining a dividend payout of 24.75%. The company has delivered a growth of 8.16% over the past five years. It has return on equity of 4.97% for the last three years.
Raymond is an Indian lifestyle, textile and branded apparel company, engaged in wool and wool blended fabric, and shirting fabric. Its segments are textile, which includes branded fabric, denim and shirting.
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