Raymond decides to list a wholly owned subsidiary

The Company’s board approves to go for IPO of JK Files & Engineering Limited (JKFE).

Key points to note –

  • JKFE is into steel files and tools business.
  • The proposed IPO is of Rs 800 crore and is entirely offer for sale. No fresh money is expected to come into the Company.
  • Raymond currently owns 100% of JKFE and post IPO is expected to continue hold a material stake.

The decision is in line with the recent announcement by Raymond to reorganize the group.

Companies -
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x