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Raymond Group to Acquire business of Maini Precision Products Limited (MPPL)

Foray into sunrise sectors of Aerospace, Defense and EV components business· Strategic acquisition of 59.25% stake in MPPL business for a consideration of ₹682 crores· Acquisition being funded by mix of debt and internal accruals, Group to remain net cash positive post acquisition· Raymond Group to consolidate its engineering business of JK Files, RPAL and […]