(19-Feb-2013 Hours IST)
Raymond Ltd has informed BSE that Scheme of Arrangement for demerger of Jalgaon Unit of Raymond Woollen Outerwear Limited ( A Subsidiary of the Company) into Raymond Limited, has been approved by the Hon'ble High Court of Bombay on February 15, 2013. Pursuant to the approved Scheme, Jalgaon Unit of Raymond Woollen Outerwear Limited has been demerged into Raymond Limited from the appointed date i.e. April 1, 2012.
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