Maini Precision News Today

Shares of Raymond have fallen more than 5 per cent in November even as the benchmark Sensex is up over 3 per cent

Billionaire Gautam Singhania has announced his separation from his wife Nawaz, stating that they have decided to pursue different paths.

The company said this acquisition will further strengthen Raymond’s existing engineering business with a complementing business that has presence in the sunrise sectors of Aerospace, Electric Vehicles (EV) and Defense.

Paragon Partners held about 27% of MPPL and this exit is a multi-bagger for the fund, it said.

On Tuesday, the indices opened flat and ended with gain. On the National Stock Exchange (NSE), 962 stocks advanced, 1,080 declined, and 67 remained unchanged with advance decline ratio of 0.89.

Proceeds from the fresh issue will be used to repay/prepay – Rs112.5cr of its borrowings and will be used for general corporate purposes.