RAYMOND LTD. - Updates

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18 Feb 2015
Raymond Ltd has informed BSE that vide letter dated February 09, 2015, Dr. Vijaypat Singhania, the Promoter of Raymond has informed the Company of his intention to transfer shares of certain promoter group companies which hold directly and indirectly shares of Raymond Limited, as follows: (a) 24,290 equity shares of J. K. Investor (Bombay) Limited; and (b) 9,996 equity shares of Smart Investments Private Limited two promoter group companies who collectively hold (directly/indirectly) approximately 37.17% of the shares of Raymond, inter se to Mr. Gautam Hari Singhania (son of Dr. Vijaypat Singhania) being immediate relatives forming part of the Promoter Group of Raymond. <BR><BR>Further the Company has informed that, these transfers are proposed to be affected by way of gift from Dr. Vijaypat Singhania to Mr. Gautam Hari Singhania. This would help in maintaining continuity of management and align ownership interest.
View all announcements for RAYMOND LTD.	Source: BSE India

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