Report on â¹650 crore loss on JK House sale wrong: Raymond
Raymond has said that proxy advisory firm IiAS' report that slams the move to sell its JK House property to its promoters is based on incorrect and incomplete information, and not understood correctly. Calling it a "rip-off", IiAS had claimed offering JK House to Raymond's promoters at a 90% discount will result in a â¹650 crore loss for the company.