×
116
Fashion Jobs
NIKE
sr. HR Operations Specialist
Permanent · Bengaluru
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
PUMA
Assistant Business Manager – Puma.Com
Permanent · Bengaluru
NIKE
Senior Software Engineer Iii – Retail Commerce Passplay, India - Consumer & Marketplace Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
Published
Nov 27, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Raymond limited plans to raise Rs 40 crore

Published
Nov 27, 2020

Textiles and fashion business Raymond Limited announced on November 26 that its committee of directors has given the green light to raise Rs 40 crore ($6 million).

Raymond is looking to raise funds following a significant drop in sales - Park Avenue - Facebook


Following the approval by Raymond Limited’s committee of directors, the business will proceed to raise funds through private placement of non-convertible debentures. These are tools used by companies to raise long-term funds through a public issue.
 
“The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Ltd,” said the business in a statement, the Press Trust of India reported. 

For the sale, Raymond has allotted 400 secured listed rated redeemable non-convertible debentures with a face value of Rs 10,000 each at par, according to regulatory filings accessed by the Press Trust of India.
 
The move comes after Raymond reported a consolidated net loss of Rs 137 crore ($18.5 million) in the second quarter of its financial year, which ended in September, 2020. In the same time period a year before, it had reported a profit of Rs 86 crore. 
 
The business had been hit hard by the coronavirus pandemic, especially during the pan-India lockdown when its textiles factories were shut. This was the major contributor to Raymond’s net loss in the previous quarter. 
 

Copyright © 2021 FashionNetwork.com All rights reserved.