Raymond shares dip 7% after selling FMCG biz to Godrej Consumer Products
The cash deal is expected to be completed by May 10, 2023. The Singhania family-backed Raymond group had been looking to divest its consumer care business for over two years.
raymond fmcg business
April 2023
September 2022
'Every family has issues' – Gautam Singhania
Raymond has reset close to ₹700 crore of costs in order to bring the business back in line.
