Raymond decides to demerge the real estate business

Raymond Limited (RL) has announced the vertical demerger of its Real Estate (RE) Business.

  • RE business will be first demerged into its wholly owned subsidiary, Raymond Realty Limited (RRL).
  • Upon completion of this demerger, Raymond Ltd and Raymond Realty Limited (RRL) will operate as separate listed entities within the Raymond Group post all statutory approvals.
  • The new entity will seek automatic listing on stock exchanges and according to the scheme of arrangement, each RL  shareholder will receive 1 share of RRL for every 1 share held in RL.

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