Raymond Limited

Bank of India Mutual Fund now holds a 1.20% stake in Raymond Limited, up from under 1% in the previous period, representing 7,98,600 shares.

A diversified conglomerate established in 1925, the company operates across textiles, apparel, real estate, FMCG, and engineering sectors in national and international markets. It is one of the world's largest vertically and horizontally integrated manufacturers of worsted suiting fabric. The company maintains a retail network of over 1,600 stores across India and operates in nine countries internationally.

AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.