Raymond Unlocks Value with Demerger of Real Estate Business into Raymond Realty
Raymond announces demerger of its Real Estate Business into Raymond Realty, paving the way for separate listings on stock exchanges.
Real EstateDemergerRaymond RealtyStock ExchangesJoint Development AgreementReal Estate NewsJul 04, 2024
The real estate business has achieved significant scale, reporting a revenue of Rs 1,593 crore, a 43% year-over-year growth, and an EBITDA of Rs 370 crore in FY24. This growth momentum positions the business well to chart its own path as a separate entity.\n\nRaymond Realty boasts an impressive land bank of approximately 100 acres in Thane, with a RERA-approved carpet area of ~11.4 million square feet. About 40 acres of this land is currently under development, with five ongoing projects worth Rs 9,000 crore. The total revenue potential from this land bank is estimated to be over Rs 25,000 crore.
Furthermore, Raymond Realty has launched its first joint development agreement (JDA) project in Bandra, Mumbai, and has signed three new JDAs in Mahim, Sion, and Bandra East, Mumbai. These four JDA projects in the Mumbai Metropolitan Region have a combined revenue potential of over Rs 7,000 crorThe development of the Thane land bank and the current JDAs provide the company with a potential revenue of Rs 32,000 crore. This demerger will enable Raymond Realty to focus on its core business and unlock value for its shareholders.
Frequently Asked Questions
What is the purpose of Raymond's demerger of its Real Estate Business?
The demerger is a strategic move to unlock value and enable both Raymond and Raymond Realty to operate as separate listed entities.
What is the revenue potential of Raymond Realty's Thane land bank?
The total revenue potential from the Thane land bank is estimated to be over Rs 25,000 crore.
How many JDA projects does Raymond Realty have in the Mumbai Metropolitan Region?
Raymond Realty has four JDA projects in the Mumbai Metropolitan Region, with a combined revenue potential of over Rs 7,000 crore.
What is the potential revenue of Raymond Realty post demerger?
The development of the Thane land bank and the current JDAs provide the company with a potential revenue of Rs 32,000 crore.
What is the benefit of the demerger for Raymond shareholders?
Each Raymond shareholder will receive 1 share of RRL for every 1 share held in Raymond, unlocking value for shareholders.
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