Raymond’s board approves consolidation exercise
28th Sep 2021

Raymond’s board has approved a consolidation exercise, including the combination of its tools and hardware, and auto components businesses with its engineering business to improve synergies and explore monetisation options.

Besides, the board has also approved consolidation of its business-to-consumer (B2C) venture by transfer of apparel business into Raymond.

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.