Raymonds plans to raise Rs 100 crore

NEW DELHI: Raymond is planning to raise Rs 100 crore from the market through private placement basis.

The board of the company will meet on February 9 to consider the proposal, Raymond informed BSE.

"A meeting of the Committee of Board of Directors of the company will be held on February 09, 2016, inter alia, to consider and approve the Issue of Non-Convertible Debentures aggregating upto an amount of Rs 100 crore on private placement basis," it said.