Raymond Limited has informed the Exchange about Scheme of Arrangement
RAYMOND · price
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On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250 and 3.3 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Raymond Limited has received the NCLT Mumbai bench's certified order dated April 8, 2025, sanctioning the Scheme of Arrangement to demerge its real estate business into its wholly-owned subsidiary, Raymond Realty Limited (RRL). Under the scheme, the entire real estate undertaking of Raymond, including land banks, projects, assets, and liabilities, will be transferred to RRL with effect from the Appointed Date of April 1, 2025. Shareholders of Raymond will receive 1 equity share of RRL (face value INR 10) for every 1 equity share held in Raymond Limited (face value INR 10), as per the share entitlement ratio based on a KPMG Valuation Services LLP report. RRL's shares will be listed on both BSE and NSE, making Raymond shareholders hold two separate listed entities post-scheme. The scheme will become effective once the NCLT order is filed with the Registrar of Companies via e-form INC-28, and the record date for share allotment is yet to be announced.
Existing Raymond shareholders will receive shares in a newly listed real estate-focused entity (Raymond Realty), potentially unlocking value of the real estate vertical. Post-demerger, Raymond will focus on its core textile, apparel, and engineering businesses, while RRL will house the entire real estate business, enabling independent capital allocation and attracting dedicated investors to each vertical.