Maini: Raymond Group to Foray Into Sunrise Sector with Acquisition of MPPL Business

Foray into sunrise sectors of Aerospace, Defense and EV components businessStrategic acquisition of 59.25% stake in MPPL business for a consideration of ₹682 croresAcquisition being funded by mix of debt and internal accruals, Group to remain net cash positive post acquisitionRaymond Group to consolidate its engineering business of JK Files, RPAL and MPPL under one entity building scale and