Raymond Realty Demerger Effective: Shareholders To Get 1:1 Allotment, Record Date This Week
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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's realty business under the name Raymond Realty Limited (RRL) is spinning off from Raymond Limited (RL). The demerger scheme became effective from May 01, 2025 after the Board of Directors passed the resolution on the same day.
Now, shares of Raymond Realty Limited will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The National Company Law Tribunal (NCLT) approved the demerger scheme, followed by Raymond Limited's board passing the resolution last year.
Raymond Realty Demerger Ratio
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.
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 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.
First Published:
May 11, 2025, 14:22 IST
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