Raymond has been looking to divest its consumer care business for over two years without success
Globus Spirits won a tender floated by oil marketing companies (OMCs) for supplying 9.68 crore litre of Ethanol at Rs 52.92 per litre.
Raymond rose 3.95% to Rs 465.50 after the company's board approved business consolidation to enable monetisation for value unlocking.
RBL Bank informed that the Reserve Bank of India (RBI) has imposed, a monetary penalty of Rs 2 crore on the bank for non-compliance.
Raymond's total income was up 9.03% to Rs 1,407.45 crore as against Rs 1,290.87 crore in the corresponding period of the previous fiscal