Embracing new verticals
03-Nov-2023•Value Research
Raymond Group, a prominent player in the textile and apparel industry, recently made a strategic move by acquiring a substantial 59.2 per cent stake in Maini Precision Products (MPPL) for Rs 682 crore. This significant acquisition was financed through a combination of debt and internal accruals. The company will raise Rs 342 crore from external sources to complete the acquisition. Details of the acquisition This transaction is expecte
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