Raymond Limited Embarks on a New Chapter with Vertical Demerger of Real Estate Business
Indian textile giant, Raymond Limited, announces a strategic demerger of its real estate business, paving the way for a new era of growth and development.
Real EstateRaymond LimitedTextile IndustryIndiaBusiness NewsReal Estate PuneJul 08, 2024
The demerger, which is expected to be completed in the next 12-18 months, will result in the creation of a separate listed entity for the real estate business. This entity will be responsible for the development and management of Raymond's vast portfolio of properties across India, including its iconic Thane-based headquarters, JK House.
The real estate business, which includes commercial and residential properties in prime locations such as Mumbai, Pune, Hyderabad, Chennai, and Kochi, has significant growth potential. With the Indian real estate sector expected to grow at a CAGR of 15% over the next 5 years, this demerger is likely to unlock substantial value for Raymond's shareholders.
Raymond Limited, founded in 1925, is a leading Indian textile company with a diverse portfolio of brands including Raymond, Park Avenue, and ColorPlus. The company has a strong presence in the domestic market and exports to over 50 countries worldwide.
Information
Raymond Limited is an Indian textile company with a rich history spanning over 95 years. The company has a strong presence in the domestic market and exports to over 50 countries worldwide. Its diverse portfolio of brands includes Raymond, Park Avenue, and ColorPlus.
Raymond Limited is a leading Indian textile company with a rich history spanning over 95 years. The company has a strong presence in the domestic market and exports to over 50 countries worldwide.
Frequently Asked Questions
What is Raymond Limited?
Raymond Limited is a leading Indian textile company with a rich history spanning over 95 years.
What is the reason behind Raymond's demerger of its real estate business?
The demerger aims to unlock the value of its real estate assets and focus on its core textile business.
What are the prime locations of Raymond's real estate properties?
Raymond's real estate properties are located in prime locations such as Mumbai, Pune, Hyderabad, Chennai, and Kochi.
What is the expected growth rate of the Indian real estate sector?
The Indian real estate sector is expected to grow at a CAGR of 15% over the next 5 years.
What is the timeline for the completion of the demerger?
The demerger is expected to be completed in the next 12-18 months.
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