Raymond Limited — Others, 02-04-2025: NOC/No dues certificate/consent/permission

Raymond Lifestyle Limited has secured a Term Loan facility of ₹100 crore from Bank of Maharashtra. Axis Trustee Services Limited, acting as Debenture Trustee, has approved the request for a ceding letter to facilitate this loan, contingent on compliance with existing debenture covenants and maintenance of adequate security cover for current NCDs totaling ₹200 crore. This update may enhance Raymond's liquidity position, providing financial flexibility for operations while potentially reassuring investors about the company's commitment to maintaining its obligations. Overall, this could foster a positive outlook among investors while monitoring associated risks.