Raymond divests entire stake in Scissors Engineering Products
2nd Nov 2021

Raymond has divested its entire stake in Scissors Engineering Products (SEPL), a wholly-owned Subsidiary of the Company to JK Files (India), another wholly-owned subsidiary of the Company. Accordingly, SEPL has ceased to be a direct subsidiary of the Company effective from October 31, 2021.

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.