Stock market today: Raymond Lifestyle shares list at ₹3000, hits a 5% lower circuit; check details
3 months, 2 weeks ago

Stock market today: Raymond Lifestyle shares list at ₹3000, hits a 5% lower circuit; check details

Live Mint  

Raymond Lifestyle, the demerged entity of Raymond, debuted at ₹3000 on Thursday, September 5, but soon fell 5 per cent to hit its lower price band of ₹2,850. As Mint reported earlier, Raymond Group said on September 3 that shares of Raymond Lifestyle would be listed as part of the demerger plans of its lifestyle business. The textile major also said that after the formalities of demerger plans, the Raymond Group will have three listed entities -Raymond Limited, Raymond Lifestyle Limited and Raymond Realty Limited. Raymond said in a regulatory filing to the BSE on September 3, ‘’As already intimated to the stock exchanges from time to time, Raymond Limited has demerged its lifestyle business to Raymond Lifestyle Limited through a composite scheme of arrangement and as per the said Scheme shares of RLL are expected to be listed soon.''

History of this topic

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