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Swap ratio suggested by independent valuers KPMG and BDO along with a fairness opinion issued by ICICI Securities Ltd. and approved by Board of Directors of Raymond Limited and RCCL
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54.87% shareholding represents 3.3 cr shares of which 2.62 cr shares is to be allotted based on promoter shareholding in Raymond Ltd & balance 0.73 cr shares in lieu of 49.68% stake in existing FMCG company sold at ₹ 2,850 cr before capital gains tax
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