The latest update is out from Raymond Limited ( (IN:RAYMOND) ).
Raymond Limited announced that its subsidiaries and promoter group entity, JK Investors (Bombay) Limited, have received demand notices from the Income Tax authority for several assessment years. However, the company clarified that the assets related to these demands were sold to JKIB, along with all liabilities, ensuring no financial impact on Raymond Limited or its subsidiaries. The involved parties plan to appeal the notices, asserting they have adequate grounds to contest the demands.
More about Raymond Limited
Raymond Limited operates in the textile and apparel industry, primarily focusing on manufacturing and retailing high-quality fabrics and garments. The company is known for its suiting fabrics and has a significant presence in the lifestyle and fashion segments.
YTD Price Performance: -9.93%
Average Trading Volume: 30,934
Current Market Cap: 100.7B INR
Learn more about RAYMOND stock on TipRanks’ Stock Analysis page.