Raymond Share Price; Raymond Real Estate Business Demerger | Stock Market | Raymond’s shares rose by more than 9% in a day: The company is separating the realty business, the board gave its approval yesterday

After the approval to separate the realty business from Raymond, the company’s shares saw a rise of 9.97% today. At 11 am, shares of Raymond Limited were trading at 3,391.80 with a rise of 15.37%.

The company’s board had approved the demerger yesterday i.e. on July 4. Raymond had said in the exchange filing that the objective of this demerger plan is to take advantage of the growth potential in the real estate segment and to ensure participation of new investors and strategic partners in this business.

Today (July 5) shares of Raymond Limited closed at Rs 3,233.05 after a gain of 9.97%. The market cap of the company is Rs 21,480 crore.

Raymond shareholders will get realty shares in the ratio of 1:1.
After the completion of the demerger process, Raymond Realty’s shares will be listed as a separate entity on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

At the same time, Raymond shareholders will get one share of Raymond Realty for each share held. For example, if you own 100 shares of Raymond, you will be given 100 shares of Raymond Realty.

Real estate business has revenue of ₹ 1,593 crore in FY 2024
The strategic move comes at a time when Raymond’s real estate business is expected to clock revenues of ₹1,593 crore in FY2024, a growth of 43% year-on-year, the company said in an exchange filing. It is in a position to better determine its development as a separate unit.

Raymond Realty owns 100 acres of land in Thane, with a RERA approved carpet area of ​​11.4 million square feet. Out of this, development work is currently going on on about 40 acres of land. Five projects worth Rs 9,000 crore are going on on Thane land.

Raymond shares gave a return of 96.69% in 6 months
In the last 5 days, Raymond’s shares have seen a rise of more than 10%. At the same time, it has given positive returns of 58.40% in the last 1 month and 96.84% in the last 6 months. Talking about the last 5 years, Raymond shares have given returns of more than 370%.

Raymond Group is also in denim and consumer care business along with real estate.
Raymond Group has real estate and other businesses including clothing, denim, consumer care and engineering. The group has a strong presence in the readymade garments market. It is also a leading manufacturer in the denim category. The company supplies high quality denim.