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Raymond gets nod to invest Rs 50 crore in Ten X Realty
Sep-12-2024

Raymond has received approval to invest an amount up to Rs 50 crore in the form of Redeemable Preference Shares in one or more tranches in Ten X Realty (TXRL), a step down wholly owned subsidiary of the Company. Investment in Redeemable Preference Shares of TXRL is being approved to provide funding for real estate project undertaken by TXRL. The Board of Directors of the company at their meeting held on September 12, 2024, have approved the same. 

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world. 


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