Mumbai, March 24 -- TXREL was incorporated as step-down wholly owned subsidiary with an object to undertake joint development/redevelopment real estate projects.

The company will invest an amount upto Rs 65 crore through redeemable preference shares.

The terms and conditions of redeemable preference shares would be mutually decided and agreed at the time of issue. The amount proposed for investment would be utilized for the purpose of execution of redevelopment project by TXREL.

Raymond Group has been a pioneer and leader in fabric manufacturing, since 1925, and then forayed into other sectors such as engineering business and Real Estate. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymond's enginee...