India, Oct. 9 -- We hereby inform that J. K. Investo Trade (India) Limited (JKIT), an Associate Company of Raymond Limited has entered into an Agreement For Sale (AFS) with respect to its property admeasuring approx. 78,310 sq. mtrs. located at Village Panchpakhadi, Thane (West) (Property) with Elpis Ventures Private Limited, an affiliate of Virtuous Retail South Asia Pte. Ltd. Pursuant to the said AFS, JKIT has agreed to sell the aforesaid Property for a consideration of Rs. 700 Crore subject to payment of taxes, cost of approvals, as applicable and terms & conditions set out in the AFS. A Press Release issued today is enclosed. You are requested to take note of the above.

Published by HT Digital Content Services with permission from ACCO...