RAYMOND LTD. - 500330 - Approval For Issue Of Non-Convertible Debentures Aggregating To Rs. 2200 Crore On Private Placement Basis
This is to inform you in terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that a meeting of the Board of Directors of the Company was held today i.e. May 9, 2023. The Board of Directors at the said meeting has, inter alia, approved issuance of Non-Convertible Debentures for an amount up to Rs. 2200 Crore (Rupees Two Thousand Two Hundred Crore only) in two or more tranches on private placement basis to Raymond Consumer Care Limited, associate company of the Company, for repayment of external debt, subject to receipt of necessary approvals required under applicable law.09-05-2023