Initializing...

Top Retail Brands

Raymond finds investor

L Capital Asia to invest Rs 750Cr in Raymond Apparel.

Tags: L Capital Asia, LVMH, Raymond Apparel, Invest

March 06, 2012  |  comments ( 0 )  | 
Raymond finds investor
L Capital Asia, the private equity arm of LVMH, one of the world’s leading luxury brands, is on the verge of investing about $150 million (Rs 750 crore) in Raymond Apparel. Once the deal between L Capital Asia and the Raymond Group arm for a minority stake materialises, it will be the largest private equity investment in an Indian apparel company. The stake to be bought is likely to be between 10-20 per cent.

Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter