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Raymond Ltd has announced that Raymond Realty Ltd, its real estate arm, will be listed on Indian stock exchanges in Q2 of the current financial year. The move follows a completed demerger, effective from May, which grants Raymond shareholders one share in Raymond Realty for each share held. With property sales reaching INR 2,310 crore last year, the realty division now operates as a standalone entity. This follows a similar listing of Raymond's lifestyle business in 2024. Backed by strong profits and a strategic focus on core sectors, the group aims to unlock value and strengthen its position in India's growing property market.
Raymond Ltd has confirmed plans to list its real estate arm, Raymond Realty Ltd, on Indian stock exchanges in the second quarter of the ongoing financial year. This development comes after the successful completion of a demerger process, which received all necessary regulatory clearances, positioning the realty business as a standalone entity focused solely on property development and sales. Advertisement
Headquartered in Mumbai, Raymond Ltd is among the country's established names in the real estate sector. It recorded property sales totalling INR 2,310 crore in the previous financial year, showing a modest increase from INR 2,249 crore in the year before. The group has been gradually repositioning itself to optimise core business areas and unlock value through structural changes.
The demerger of the real estate arm became effective from the beginning of May. A record date was set in the second week of May to determine eligible shareholders of Raymond Ltd who would be entitled to receive equity shares of the newly formed entity. As outlined in the approved scheme of arrangement, each Raymond Ltd shareholder will receive one share of Raymond Realty Ltd for every share held in the parent company.
This move follows a similar restructuring that took place in 2024, when Raymond Ltd carved out and listed its lifestyle business as a separate public entity. The demerger of the real estate division is now part of a broader roadmap to create distinct, value-generating entities within the group.
Financial performance has also demonstrated strong upward momentum. For the financial year that concluded recently, Raymond Ltd's net profit soared to INR 7,635.62 crore-an impressive jump from INR 1,643.07 crore posted in the preceding year. Total income climbed to INR 2,105.24 crore, up from INR 1,137.17 crore during the prior financial period, underlining robust performance across verticals.
With nearly a century of industrial experience, Raymond Group began as a fabric manufacturer in 1925. Over the decades, it diversified into engineering and real estate. This latest step of separating its property business into a publicly listed company marks another chapter in its transformation as it aligns with modern corporate governance and investor expectations.
The demerger and forthcoming listing of Raymond Realty are aimed at unlocking latent value and ensuring operational clarity for investors. As the real estate business moves forward under its own identity, it is well-positioned to tap into India's rising demand for residential and mixed-use developments. For Raymond, this restructuring signals a deeper shift towards building an agile, performance-driven corporate structure prepared for long-term expansion across focused sectors.
Source - PTI
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