Raymond Limited has informed the Exchange about Copy of Newspaper Publication
RAYMOND · price
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Raymond Limited has informed the stock exchanges about a newspaper publication of a Record Date notice related to its Scheme of Arrangement. The Board of Directors, via a resolution passed on May 1, 2025, has fixed Wednesday, May 14, 2025 as the Record Date to determine shareholders entitled to receive shares of Raymond Realty Limited (RRL), the resulting company. Under the scheme, shareholders will receive 1 equity share of RRL of Rs. 10 each (fully paid-up) for every 1 equity share of Raymond of Rs. 10 each held on the Record Date, in consideration for the demerger of Raymond's Real Estate Business into RRL. The notice was published on May 3, 2025 in Financial Express (English) and Ratnagiri Times (Marathi) newspapers, as required under SEBI Listing Regulations. RRL will subsequently take steps to list the new equity shares on BSE and NSE.
Shareholders of Raymond holding shares as of May 14, 2025 will become eligible to receive equivalent shares in the newly demerged real estate entity (Raymond Realty Limited), unlocking the value of the real estate vertical as a separately listed business.