In continuation of its transformational journey of value creation, Raymond Ltd. announced the demerger of its core Lifestyle Business into a separate entity that will be listed through mirror shareholding structure. Every shareholder of Raymond will be issued the shares of the new company in the ratio of 1:1. The move will create a clear demarcation of Lifestyle and other businesses leading to the simplification of the group structure.
In another development, Raymond announced the allotment of Equity Shares and Compulsorily Convertible Preference Shares (CCPS) to JKIT, an associate company against the infusion of net proceeds of JKIT land sale that was announced in October 2019. A total of Rs. 350 crores will be used to repay the debt thus deleveraging the balance sheet of Raymond Ltd.
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Bullish growth prospects for Indian home textile exporters: ICRA
Riding high on pandemic-induced lifestyle changes stemming from heightened consciousness about hygiene and increased prevalence of stay-at-home options, Indian home textile exporters are set to register robust performance during FY2022.
RAJAPALAYAM MILLS
Focus on Modernisation, Capacity Expansion and Value added products
Sutlej: Leadership through Transformation
Green fibre project to enhance global competitiveness
GANESHA ECOSPHERE expanding Recycled Polyester Staple Fibre capacity
The world is awakening to the pressing need to save the Mother Earth from drowning into the plastic pollution. People and countries across the globe are looking at alternatives to reduce the impact on the environment, and become more sustainable and greener.
WEAVERS IN POLE POSITION 2FAST accelerates performance with speed, quality and versatility
Speed by name and speed in performanceâŠthe brand new 2FAST rapier weaving machine from SMIT is built for ultimate productivity. Its compact design combines maximum output rates with quality and versatility. Made in Italy, it echoes the countryâs traditions of speed in motorsports, with competitive performance that is also environmentally kind.
TWINE SOLUTIONS Spearheading a revolution
A technology start-up that has developed a proprietary and revolutionary digital on-demand thread dyeing system and a digital dye-to-match colour application, Twine Solutions now has a partner in India to explore the growing textile industry even as it continues to develop new products and solutions for its global outreach strategy
KUSTERS CALICO completes 25 years of Indian operations
Creates new benchmarks in the processing and finishing technology
Quality, efficiency and good service - this is what makes BRÃCKNER successful in Turkey
The Turkish family-owned company ARIKAN Mensucat Industry and Trade Inc. was founded in 1993 and is located in Kahramanmaras, one of the southernmost cities of the country.
NESTLING TECHNOLOGIES' i-Spin, a game changer in the spindle monitoring segment
âi-Spinâ spindle monitoring system now gets added to Nestling Technologiesâ portfolio. As such, a variety of analysis such as the whole year performance of the ring frame, lot-wise performance, etc. is now available instantly, which can be viewed from anywhere across the globe.
TrÃŒtzschler establishes the TrÃŒtzschler Foundation
The Mönchengladbach-based family-owned TrÃŒtzschler company has created a charitable foundation: the TrÃŒtzschler Foundation. The Foundationâs main focus is on supporting children and young people with learning and education, sport and exercise, and science and research.
