Raymond share value declined to its 52-week low value:

To begin with, today, the share value of the Raymond reached its 52-week lowest value in the intraday. When the Lifestyle CEO announced his resignation, then the company shares declined.

After, the 7years service with Raymond, Sanjay Behl decided to resign to his present role. Moreover, the company announced its demerger. Also, it already started its initial process for its new listing lifestyle entity and Raymond Lifestyle Ltd.

Generally, Lifestyle Business already having a business from banded Textiles, Apparel and Garmenting. And, it was one of the newly listed companies. Furthermore, Raymond has organized by a strong professional team.

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They also have confidence in recruiting the best-in-class CEO for newly listing entities. The company will obtain around Rs 225 cr by allocating its 3.3 million shares. Similarly, the company will raise Rs 125 cr by allotment of 1.8 million CCPS. The issued price at Rs 674 per eq share. The total repayment amount of Raymond’s debt is Rs 350 cr.

Raymond Limited share trading with a loss of 21.05 points reached 419.00 INR with 4.84% down. Its previous close at 440.30 INR. Raymond Limited shares outstanding with 64,719,132.

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Besides, the Sensex and Nifty trading with a bearish trend today (March 11th), The Sensex trading with a gain of 249.70 points reached 35,881.65 with 0.67% up. Whereas Nifty trading with a gain of 44.10 points reached 10,495.55 with 0.42% up.