{"id":111141,"date":"2023-10-04T15:25:57","date_gmt":"2023-10-04T09:55:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111141"},"modified":"2023-10-04T15:26:02","modified_gmt":"2023-10-04T09:56:02","slug":"smallcap-stock-to-invest-301-crore-in-its-subsidiary-company-for-funding-real-estate-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-to-invest-301-crore-in-its-subsidiary-company-for-funding-real-estate-projects\/","title":{"rendered":"Smallcap stock to invest \u20b9 301 Crore in its subsidiary\u00a0company for funding real estate projects"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3096366001\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small-cap company which is a leading manufacturer of fabrics, clothing and has interests\/ businesses in other segments, has given nod to invest up to 310 Cr in its step down wholly owned subsidiary.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3604289728\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 9:30 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAYMOND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Raymond<\/a><\/strong> were trading at Rs. 1810 and the market capitalization of the company is 11,890 Cr.\u00a0<\/p><p>As per the company\u2019s filing, the board of directors of Raymond have approved to invest upto 301 Cr in one or more trenches in Ten X Realty Limited(TXRL), a step down wholly owned subsidiary of the Company. Out of the said investment the company will invest upto 125 Cr in the form of Redeemable Preference Shares and the balance 176 Crore will be invested by providing Inter Corporate Deposit to TXRL.&nbsp;<\/p><p>The object of the Investment in Redeemable Preference Shares of TXRL is to provide funding for real estate projects undertaken by TXRL.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1179070616\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 32.96 percent from 6,178.51 Cr in FY22 to 8214.72 Cr in FY23, accompanied by increasing profits from 265.12 Cr to 536.96 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 20.44 percent and return on capital employed (ROCE) of 21.11 percent, this indicates that the company is making good returns on its equity and making good utilisation of the company\u2019s resources.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 49.11 percent stake, the Domestic Institutional Investors hold 5.51 percent and the Foreign Institutional Investors (FII) hold 17.76 percent.&nbsp;<\/p><p>Raymond is a diversified group with majority business interests in Textile &amp; Apparel sectors as well as presence across diverse segments such as FMCG, Realty, Engineering and Prophylactics in national and international markets.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-230207975\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small-cap company which is a leading manufacturer of fabrics, clothing and has interests\/ businesses in other segments, has given nod to invest up to 310 Cr in its step down wholly owned subsidiary.\u00a0 At 9:30 a.m the shares of Raymond were trading at Rs. 1810 and the market capitalization of the company is 11,890 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10685,5247,12780,948,936,8774],"class_list":["post-111141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-raymond-latest-news","tag-raymond-share-price","tag-raymond-to-invest-in-subsidary","tag-stock-market","tag-stock-market-news","tag-why-is-raymond-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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