At meeting held on 26 October 2016
Raymond announced that the Board of Directors of the Company at its meeting held on 26 October 2016 approved a composite scheme of arrangement of Raymond Apparel, wholly owned subsidiary of the Company and Colorplus Fashions, wholly owned subsidiary of Raymond Apparel.The above scheme has been approved by the Board of Raymond Apparel and Colorplus Fashions and the same is subject to approval of High Courts and others.
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