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« Real Estate Companies Target to Raise Rs 11,100cr through IPOs | Home | Mumbai-based DB Realty Plans to raise Rs 1,500 cr via IPO Route »

Shareholders Approve Raymond’s Entry into Real Estate Business

Shareholders of Raymond, which is mainly into textile business, have approved the company&aposs move to enter the real estate sector. The shareholders passed a resolution to this effect through postal ballot, Raymond said in a filing with the Bombay Stock Exchange.

The shareholders passed special resolution under Section 17 of the Companies Act, 1956, to amend the Object Clause of the company to include” Real Estate Development”as a business.

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