Raymond Group Aims to List Apparel and Real Estate Units by 2025 End
Raymond shares surge 9% on Bloomberg report, BSE and NSE seek clarification
Raymond GroupApparelReal EstateIpoStock MarketReal Estate NewsSep 03, 2024
To recall, Raymond Ltd shares started trading ex-Lifestyle business last month and the listing of the demerged business on bourses is likely this week, probably on September 5.
Stock exchanges BSE and NSE have sought clarification from Raymond following the Bloomberg report. Shares of Raymond climbed 8.61 per cent to hit a high of Rs 2,180.85 on BSE. The scrip has climbed 16 per cent in the past two weeks and 24 per cent year-to-date.
Frequently Asked Questions
What is the Raymond Group planning to do by the end of 2025?
The Raymond Group is planning to list its apparel and real estate units by the end of 2025.
What is the current status of Raymond Ltd shares?
Raymond Ltd shares are currently trading ex-Lifestyle business and the listing of the demerged business on bourses is likely this week.
What is the expected growth rate of Raymond Lifestyle business?
Raymond Lifestyle business is expected to grow at a rate of 12-15% per annum.
What is the expected Ebitda margin of Raymond Realty?
Raymond Realty is expected to have an Ebitda margin of over 30 per cent.
What is the disclaimer regarding investment advice in this article?
This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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