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The Raymond Group was incorporated in 1925; and within a span of a few years, transformed from being an Indian textile major to being a global conglomerate.
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Australian Woollen Mills Pty. Ltd. v. The Commonwealth [1954] HCA 20; (1954) 92 CLR 424] is a leading case regarding what is a legally binding offer.
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It was incorporated as the Raymond Woollen mill during the year 1925 near Thane Creek. Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year 1944.
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