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Raymond shares Trades Ex-Lifestyle Biz; What's Next For Investors?

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 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, …

Jio Financial Services, the financial arm of Reliance Industries, India's largest company in terms of market value, completed its demerger from its parent company at a price of Rs 261.85 per share as against the street expectations between 160-190 per share. Shares of Reliance Industries opened at Rs 2,580 apiece, ex-Jio Financial Services on Thursday trade as against the previous …

Firstpost

The government has budgeted to garner Rs 65,000 crore from Central Public Sector Enterprise disinvestment in the ongoing 2022-23 fiscal New Delhi: The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India in the March quarter, an official said. In May, the board of Shipping Corp had approved an updated demerger scheme for hiving …

Govt Approves Demerger of Nagarnar Steel Plant from NMDC

New Delhi: The government on Wednesday approved demerger of the under-construction Nagarnar steel plant from NMDC, and its strategic disinvestment by selling the entire stake of the Centre to a strategic buyer. State-owned NMDC, under the Ministry of Steel, is constructing the steel plant at Nagarnar in Chhattisgarh. "The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi …

Steel Nmdc Nagarnar Demerger Nsp Nagarnar Steel Plant