Please find enclosed herewith the intimation for incorporation of new wholly owned subsidiary in the name of Ten X Realty South Limited on May 15, 2026.
RAYMONDREL · price
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Raymond Realty Ltd has incorporated a new wholly owned subsidiary named 'Ten X Realty South Limited' on May 15, 2026. The subsidiary has an authorized share capital of Rs. 1 lakh divided into 10,000 equity shares of Rs. 10 each, fully subscribed by Raymond Realty and its nominees. The new entity is yet to commence operations and will focus on real estate projects, particularly under the redevelopment model. The company states this is a strategic initiative to explore new real estate opportunities and mitigate project-specific risks.
This move signals Raymond Realty's intent to expand its real estate operations and diversify project risk across separate legal entities. For shareholders, this indicates continued business expansion, though the new subsidiary has no current revenue and its impact will depend on future project acquisitions.