Apparel
Raymond increases its stake in Raymond Zambaiti
Mumbai-based textile and apparel major Raymond has invested Rs five crore in Raymond Zambaiti (RZL). This will hike its stake to 52.87 percent, as per a stock market disclosure. Post acquisition, RZL has become a subsidiary of Raymond. RZL was an equal equity joint venture between Raymond and Italy’s Cotonificio Honegger (part of Gruppo...
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