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It is also the largest manufacturer of woolen textile in India. The business is a subsidiary of the worldwide conglomerate Raymond Group.

India Business News: Raymond group has acquired a 59.2% stake in Maini Precision Products for Rs 682 crore through a combination of debt and internal accruals. The transac

The Raymond Group is venturing into the sunrise sectors of aerospace, defence, and electric vehicles (EV) components by acquiring a 59.25% stake in Maini Precision Products Limited (MPPL) for Rs 682 crore. The acquisition aims to bolster Raymonds engineering business. The deal will be concluded through Ring Plus Aqua Limited, an arm of JK Files and Engineering Limited, forming a new subsidiary.

India Business News: Textiles maker Raymond on Friday said it will buy a majority stake in automotive firm Maini Precision Products Limited (MMPL) for 6.82 billion rupees

An inside look at how Gautam Singhania and his team turned around the fortunes of the diversified business group after three years of falling growth. The path ahead promises to remain challenging, though

Shares of Raymond Limited have delivered over 100% return in 1 year and over 370% return in the last two years. It was first incorporated as the Raymond Woolen Mill in 1925 near Thane Creek.Watch this Business Today Visual Story to know more about this multibagger stock.

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