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Raymond Realty Demerger: Raymond’s real estate arm is spinning off, effective from May 01, 2025. The board fixes record date for 1:1 share ratio for shareholders.
Raymond Realty Demerger: Raymond spins off real estate business from May 01, 2025. Board fixes record date for shareholders.
As per Scheme of Arrangement, shareholders of Raymond will receive shares in the ratio of 1:1, meaning one share of Raymond Realty Limited for reach share they hold in Raymond Limited.
Now, shares of Raymond Realty Limited will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Also Read: Raymond Shares Crash 65% Today: Why Is The Stock Falling After Realty Demerger?
Raymond Share Price
On Wednesday, shares of Raymond Limited adjusted to drop by 64 per cent post the demerger’s record date. Shares were trading at Rs 551.20 apiece.
The National Company Law Tribunal (NCLT) approved the demerger scheme, followed by Raymond Limited’s board passing the resolution last year.
Raymond Realty Demerger Record Date
The board has also fixed the record date as Wednesday, May 14, 2025, for the purpose of determining the eligible shareholders of Demerged Company (RL) to whom the equity shares of the Resulting Company (RRL) would be allotted as part of Scheme of Arrangement.
Raymond Group’s Restructuring
Raymond Group earlier spun off lifestyle and fashion business into a separated listed entity known as Raymond Lifestyle Ltd. As part of the demerger, shareholders of Raymond Ltd. received 4 shares of Raymond Lifestyle for every 5 shares they hold in Raymond Ltd.
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