


| Raymond sells 20 acres of its Thane land for over Rs 700 crore |
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NEW DELHI: As part of fashion retailer Raymond’s ongoing asset monetisation plan to improve cash flow amidst a broader slowdown in demand, the textile firm has sold a massive 20-acre land parcel in Mumbai’s Thane area to private equity major Xander Group’s retail arm Virtuous Retail South Asia (VRSA) for USD 100 million or over Rs 710 crore.
Posted: 2019-10-10 06:06:00
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