Raymond will buy a 59.25% stake in Maini Precision Products and will fund the deal through a mix of debt and internal accruals, it said in a statement.
($1 = 83.2600 Indian rupees)
(Reporting by Indranil Sarkar in Bengaluru)
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
2,150 INR | +3.32% | -3.49% | +24.77% |
06/05 | Transcript : Raymond Limited, Q4 2024 Earnings Call, May 06, 2024 | |
03/05 | India's Raymond Q4 profit jumps 18% on strong real-estate demand | RE |
BENGALURU (Reuters) - Indian textiles maker Raymond on Friday announced a 6.82 billion rupees ($81.91 million) deal to buy majority stake in automotive firm Maini Precision Products to venture into aerospace, defense and electric vehicle components business.
Raymond will buy a 59.25% stake in Maini Precision Products and will fund the deal through a mix of debt and internal accruals, it said in a statement.
($1 = 83.2600 Indian rupees)
(Reporting by Indranil Sarkar in Bengaluru)
Price
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Change
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5d. change
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Capi.
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2,728 PTS | +0.54% | -0.01% | - | ||
2,150 INR | +3.32% | -3.49% | 1.71B | ||
1st Jan change | Capi. | |
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+24.77% | 1.71B | |
+22.67% | 7.39B | |
-2.80% | 3.28B | |
+3.72% | 2.29B | |
-1.56% | 2.08B | |
+3.79% | 1.99B | |
+18.07% | 1.95B | |
+11.50% | 1.72B | |
-3.65% | 1.63B | |
+20.61% | 1.55B |