Raymond board approves plan for real estate business demerger

Each Raymond shareholder will receive 1 share of Raymond Realty for every 1 share held in Raymond

The company will issue 6.65 crore shares of Raymond Realty having face value of Rs 10 per share.

Upon completion, shareholders will get one Raymond realty share for each held.

There is no cash consideration or any other form of consideration.

This strategic move comes as Raymond's Real Estate Business has achieved scale

Reporting revenue of Rs 1,593 crore (43% YoY growth) and EBITDA of Rs 370 crore in FY24

positioning it well to chart its own growth path as a separate entity.