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By EquityPandit
Raymond Ltd’s shareholders have rejected a proposal for sale of JK House to its promoters and extended family at a substantial discount.
The shareholders have provided their approval to the reappointment of the company’s Chairman and Managing Director Gautam Singhania as director despite proxy advisory firm Institutional Investor Advisory Services (IiAS) recommendation against the proposal.
Read EquityPandit’s Technical Analysis of Indian Stock Market
