Raymond Ltd.'s board has approved the closure of the wholly-owned subsidiary of the Company named viz., Raymond Lifestyle International DMCC, Dubai (UAE) as per applicable laws of Dubai in this regard.
Raymond Lifestyle International, DMCC, Dubai is not a material subsidiary of the Company.
Raymond Ltd is currently trading at Rs687.05 up by Rs9.55 or 1.41% from its previous closing of Rs677.50 on the BSE.
The scrip opened at Rs680 and has touched a high and low of Rs695.10 and Rs680 respectively. So far 1,74,165 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs4,158.55cr.
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