Raymond Ltd. The Economic Times
During September, the Company issued US $63 million comprising of 39,57,286 GDRs equal to 79,14,572 No. of equity shares at a price of US $ 15.92 per GDR. 1994 The name of the Company was changed from Raymond Woollen Mills Ltd. to Raymond Limited. 1995 A new brand of cement `DuraGuard' a high degree of durability was introduced.