Raymond to operate as separate listed entities with wholly-owned subsidiary Raymond Realty, post statutory approvals.
DemergerReal EstateRaymond GroupRaymond RealtyStock ExchangesReal Estate MumbaiJul 04, 2024
The demerger is a strategic move to unlock value for shareholders as the Real Estate Business has achieved significant scale and is now well-positioned to chart its own growth path as a separate entity.
Each Raymond (RL) shareholder will receive 1 share of RRL for every 1 share held in Raymond.
The business reported revenue of Rs 1,593 crore (43% YoY growth) and EBITDA of Rs 370 crore in FY24.
Raymond Realty has 100 acres of land in Thane.
The demerger is expected to unlock value for shareholders as Raymond Realty will operate as a separate listed entity, allowing it to chart its own growth path.
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