Raymond Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board of Directors of Raymond Limited has announced a board meeting where they approved an investment of up to Rs. 50 Crore in Redeemable Preference Shares of Ten X Realty West Limited, a step-down wholly owned subsidiary. This funding will support a joint redevelopment project. The investment will occur in one or more tranches, with terms to be mutually decided at issuance. This strategic decision aims to enhance the company's presence in the real estate sector while facilitating the execution of ongoing projects.