News Muncher - searching for high

Raymond Skyrockets To Record High As Board Approves Vertical Demerger Of Real Estate Biz

Shares of Raymond skyrocketed 18.5 percent to hit a record high on July 5 after the board approved demerger of its real estate business, Raymond Realty. In a regulatory filing, Raymond announced the vertical demerger of its Real Estate business into its wholly-owned subsidiary, Raymond Realty. Additionally, Raymond has signed three new JDAs in Mahim, Sion, and one more in …

Record High

Raymond shares hits record high over demerger of real estate arm

Shares of Raymond hit a life high on Friday, a day after the Group announced the vertical demerger of its real estate business into its wholly owned subsidiary, Raymond Realty Ltd. Raymond share price: The Board of Raymond Limited announced on Thursday that Raymond Limited and Raymond Realty Limited will operate as separate listed entities, a company statement said. According …

Shares of Raymond surged 6 per cent on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm. The NCLT approval facilitates the separation of demerging entity Raymond Ltd and Raymond Lifestyle, which will be the transferee company, …

Aditya Birla Fashion share price: Aditya Birla Fashion and Retail share price rose 15 per cent today after the company's board authorised the management to evaluate demerger of Madura Fashion & Lifestyle business from ABFRL into a separate listed company. Aditya Birla Fashion & Retail traded at ₹237.70, up 12.28 percent on the BSE, today and touched an intraday high …

After Amendment Mere Reason To Believe Can't Be Ground For Carrying Out Reassessment: Karnataka High Court

The Karnataka High Court has held that the Assessing Officer has to be prima facie satisfied that there is “escapement of income”, unlike earlier law which permitted action based on mere reason to believe. Now mere reason to believe, cannot be a ground for carrying out assessment under section 147 of the Income Tax Act.The bench of Justice Krishna S …

Domestic brokerage, Nuvama Institutional Equities in its recent report highlighted key points from the recent ITC analyst call following ITC and ITC Hotels demerger. The domestic brokerage reported after the ITC analyst call that the demerger of the hotel division creates value for current ITC shareholders. The newly formed company and ITC will both have West Bengal registered offices, hence …

RIL share price hits new 52-week high ahead of Jio Financial Services demerger

ITC’s demerger for hotel biz underway; shares hit 52-week high; check details

Shares of ITC Ltd rallied over three per cent to hit a 52-week high of ₹480.60 after media reports stated that the company's demerger process for its hotel business is now underway. ITC's hotel business demerger has been cited as one of the key triggers for further potential upside on the stock by analysts. Last year, Chairman and Managing Director …