Blog
Planify news
Raymond approves ?800 crore IPO of subsidiary JK Files & En ineerin
Link copied
Raymond approves ?800 crore IPO of subsidiary JK Files & En ineerin
03 December 2021
Raymond has said that its board approved listing of its wholly-owned material subsidiary JK Files & Engineering (JKFEL) through an initial public offering (IPO). The company, which aims to mobilise 2800 crore through its subsidiary's IPO, said that the issue will help deleverage Raymond. Post-IPQ JKFEL would continue to remain its material subsidiary Raymond added.
Raymond has said that its board approved listing of its wholly-owned material subsidiary JK Files & Engineering (JKFEL) through an initial public offering (IPO). The company, which aims to mobilise 2800 crore through its subsidiary's IPO, said that the issue will help deleverage Raymond. Post-IPQ JKFEL would continue to remain its material subsidiary Raymond added.
Stay Connected, Stay Informed –
Join Our
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.