Shares of Raymond showed a 40 per cent gap down opening on Thursday as the stock traded ex-demerger after the lifestyle business was spun-off from the company. Upon completion of Raymond’s demerger of its real estate business, shareholders will get one Raymond Realty share for each Raymond share. Domestic brokerage firm InCred Equities had estimated the fair value of lifestyle …
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 …
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, …
