Raymond will buy a 59.25% stake in Maini Precision Products and will fund the deal through a mix of debt and internal accruals, it said in a statement.
($1 = 83.2600 Indian rupees)
(Reporting by Indranil Sarkar in Bengaluru)
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
2,065 INR | -2.01% | +0.26% | +19.75% |
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BENGALURU (Reuters) - Indian textiles maker Raymond on Friday announced a 6.82 billion rupees ($81.91 million) deal to buy majority stake in automotive firm Maini Precision Products to venture into aerospace, defense and electric vehicle components business.
Raymond will buy a 59.25% stake in Maini Precision Products and will fund the deal through a mix of debt and internal accruals, it said in a statement.
($1 = 83.2600 Indian rupees)
(Reporting by Indranil Sarkar in Bengaluru)
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Change
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5d. change
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Capi.
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2,686 PTS | +0.86% | +2.29% | - | ||
2,065 INR | -2.01% | +0.26% | 1.68B | ||
1st Jan change | Capi. | |
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+19.75% | 1.68B | |
+12.24% | 6.7B | |
+4.50% | 3.55B | |
+9.64% | 2.38B | |
+18.21% | 2.31B | |
-6.53% | 1.97B | |
+13.43% | 1.85B | |
+4.16% | 1.78B | |
+29.04% | 1.64B | |
+5.81% | 1.62B |