Raymond Injects INR 150 Crore into Subsidiaries to Boost Real Estate Growth
Raymond, a leading textile and apparel conglomerate, has approved significant investments to bolster the growth of its real estate subsidiaries, Ten X Realty West and Ten X Realty.
Real EstateRaymondInvestmentsRedevelopment ProjectsLeadership TeamReal EstateSep 17, 2024
These investments are aimed at providing the necessary financial resources for the execution of redevelopment projects by these subsidiaries. The board's decision demonstrates Raymond's commitment to expanding its real estate footprint and strengthening its leadership team to drive long-term success.
In a separate move, the board has also approved the re-appointment of Ashish Kapadia as an independent director of Raymond for a second term of five years, effective from November 26, 2024. Furthermore, the board has approved the appointment of Harmohan Sahni as an executive director for a term of five years, starting from September 1, 2024. Sahni is currently serving as the Business CEO (Realty Business) at Raymond, and this appointment is expected to strengthen the company's leadership team and contribute to the overall growth and strategic direction of the business.
Information Raymond is a leading textile and apparel conglomerate with a diverse portfolio of businesses, including textiles, apparel, and real estate. The company has been expanding its real estate footprint in recent years, with a focus on redevelopment projects.
Raymond is a renowned textile and apparel conglomerate with a rich history of innovation and excellence. The company is committed to expanding its real estate footprint and strengthening its leadership team to drive long-term success.
Frequently Asked Questions
What is the total investment approved by Raymond's board of directors?
INR 150 crore
What is the purpose of the investment?
To fund redevelopment projects by Raymond's real estate subsidiaries
Who has been re-appointed as an independent director of Raymond?
Ashish Kapadia
Who has been appointed as an executive director of Raymond?
Harmohan Sahni
What is the term of Harmohan Sahni's appointment as executive director?
Five years, starting from September 1, 2024
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