Raymond Limited has informed the Exchange that Record date for the purpose of Merger/HiveOff is 14-May-2025.
RAYMOND · price
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Raymond Limited's scheme of arrangement to demerge its real estate business into Raymond Realty Limited (RRL) has become effective from May 1, 2025, after filing of e-Form INC-28 with the Registrars of Companies. Under this scheme, Raymond is the Demerged Company and Raymond Realty Limited is the Resulting Company. The Board has fixed Wednesday, May 14, 2025 as the Record Date to identify eligible shareholders of Raymond who will be allotted equity shares of Raymond Realty Limited. Shareholders holding Raymond shares on the record date will receive RRL shares as per the scheme.
Raymond shareholders as on May 14, 2025 will receive equity shares of the newly demerged entity Raymond Realty Limited, effectively giving them separate listed exposure to the real estate business. This could lead to a value-unlock re-rating once Raymond Realty lists separately, while Raymond's core textile/garment business continues independently.