Indian conglomerate Raymond Ltd demerges real estate business, Raymond Realty Ltd, to focus on growth and attract investors.
Indian conglomerate Raymond Ltd. announces demerger of real estate business, Raymond Realty Ltd, to focus on growth potential and attract new investors. Upon completion, Raymond Ltd. and Raymond Realty Ltd. will operate as separate listed entities within the Raymond Group, post statutory approvals. Shareholders will receive one share of RRL for every one share held in Raymond Ltd. The move aligns with the company's objectives of simplifying its corporate structure, enhancing shareholder value, and allowing for independent management teams with industry-specific expertise.
July 04, 2024
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