Raymond Ltd to Demerge Real Estate Business, Unlocking Growth Potential
Textiles and apparel major Raymond Ltd has approved the demerger of its real estate business, Raymond Realty Ltd, to attract fresh investors and strategic partners.
Real Estate BusinessRaymond LtdDemergerGrowth PotentialStrategic PartnersReal Estate NewsJul 04, 2024
The demerger plan involves consolidating the entire real estate business of the Group under one single entity, Raymond Realty Ltd. As per the demerger terms, shareholders of Raymond Ltd will receive one equity share of Raymond Realty for every share of Raymond. The demerged entity will be listed on the Bombay Stock Exchange and National Stock Exchange.
Raymond Realty has reported an impressive revenue of Rs 1,593 crore, registering a 43% year-on-year growth. The company has 100 acres of land in Thane, of which about 40 acres is currently under development. There are five ongoing projects worth Rs 9,000 crore on its Thane land, with an additional potential to generate more than Rs 16,000 crore, making a total potential revenue of over Rs 25,000 crore from this land bank.
Recently, Raymond Realty launched its first joint development agreement project (JDA) at Bandra in Mumbai. Additionally, the company has signed three new agreements in Mahim, Sion, and one more in Bandra East, Mumbai, taking the combined revenue potential from four JDA projects in the Mumbai Metropolitan Region to over Rs 7,000 crore.
Gautam Hari Singhania, Chairman-cum-Managing Director, Raymond Limited, said, 'Now we have clear three vectors of growth at Raymond group i.e. Lifestyle, Real Estate and Engineering, this corporate action is in line with creating shareholder value.'
Information Raymond Ltd is a leading textiles and apparel company with a diversified business portfolio that includes fabrics, garments, and real estate. The company has a strong presence in the Indian market and has been a household name for decades.
Raymond Ltd is a listed company on the Bombay Stock Exchange and National Stock Exchange, and is one of the largest textiles and apparel companies in India.
Frequently Asked Questions
What is the purpose of the demerger of Raymond Realty Ltd?
The demerger aims to unlock the growth potential of the real estate business and attract a fresh set of investors and strategic partners.
What is the revenue potential of Raymond Realty's Thane land?
The total potential revenue from the Thane land is over Rs 25,000 crore.
How many ongoing projects are there on Raymond Realty's Thane land?
There are five ongoing projects worth Rs 9,000 crore on the Thane land.
What is the combined revenue potential from the four JDA projects in the Mumbai Metropolitan Region?
The combined revenue potential from the four JDA projects is over Rs 7,000 crore.
What is the growth rate of Raymond Realty's revenue?
The revenue of Raymond Realty has grown by 43% year-on-year.
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