Raymond’s shares climbed over 7% to ₹1,535 on November 22 after receiving a ‘no objection’ letter from BSE and NSE for the demerger and listing of its real estate arm, Raymond Realty. This development follows the company’s earlier demerger of its lifestyle business, signaling another step in Raymond Group’s restructuring strategy.
The board approved the separation of Raymond and Raymond Realty on July 4, 2024, aiming to unlock value across its divisions. Post-demerger, both will operate as independent listed entities. Once shareholder and regulatory approvals are in place, Raymond Realty will be listed on BSE and NSE, offering investors direct access to its real estate segment.
Under the arrangement, 6.65 crore shares of Raymond Realty, each with a face value of ₹10, will be issued. Shareholders will receive one Raymond Realty share for every Raymond share held, aligning with the group’s vision of equitable value distribution.
