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.
Related News Articles
Understanding the Impact of Ready Reckoner Rate Hike in Maharashtra on Real Estate
The Maharashtra government is set to increase the ready reckoner rates, which could significantly affect the cost of property transactions, especially in urban areas like Mumbai. Here’s what you need to know and how it might impact you.
The Devastating Impact of Whale Phishing on Businesses: A Rs 40 Lakh Scam
A city-based real estate company was swindled of Rs 40 lakh by cyber criminals posing as the company’s director, highlighting the growing threat of whale phishing attacks.
India's Economy Needs a Bold Stroke: Redesigning the Capital Gains Tax Structure for Growth
In order to rebuild growth, India's budget needs to focus on resource mobilization and allocation, and that requires a bold approach, including redesigning the capital gains tax structure and letting the rupee fall to encourage local manufacturing.
MagicBricks Survey Reveals 35% Buyers Interested in Ultra-Luxury Properties Post-COVID
A recent survey by MagicBricks indicates a significant shift in the real estate market, with 35% of buyers now showing a keen interest in ultra-luxury properties. The survey highlights the changing lifestyle preferences and market trends in the wake of th
BHIVE Workspace Embarks on Ambitious Expansion Plan, Aims to Add 3 Million Sq Ft in 2 Years
Coworking firm BHIVE Workspace to expand its footprint by 3 million square feet over the next two years, targeting ₹350 crore in revenue during FY 2024-25.
Merlin Group Launches New Brand Identity to Enhance Growth and Sustainability
Merlin Group, a leader in the real estate sector, has launched a new brand identity to symbolize growth, dependability, and transformation. The rebranding includes a new logo, website, and design system, reflecting the company's commitment to quality, inn