Raymond Group
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2 days ago · Raymond shares opened at Rs 1,906 on NSE, down 39.60 per cent over its previous day's closing value of Rs 3,156.10. MOFSL earlier estimated per share value of Raymond Ltd at Rs 1,415 per share ...
Jul 5, 2024 · As per the scheme of arrangement, each Raymond Ltd (RL) shareholder will receive 1 share of RRL for every 1 share held in Raymond Limited. The company will issue 6.65 crore shares of Raymond ...
Jul 4, 2024 · 05 Jul 2024, 11:29AM IST. Raymond shares surged over 18% to a new 52-week high of Rs 3,480 on BSE following the announcement of the vertical demerger of its real estate business into Raymond Realty, a wholly-owned subsidiary. This strategic move aims to streamline corporate structure, boost shareholder value, and optimize operational efficiencies.
3 days ago · “Raymond's real estate business is going strong with the Pokhran Road project already an established landmark project in Thane. With steady business development under the asset-light model, we believe Raymond Realty can continue with 25 per cent CAGR in sales booking with embedded Ebitda margin of over 30 per cent.
Jul 5, 2024 · Advt. Raymond Ltd said the new entity will seek automatic listing on stock exchanges. This strategic move comes as Raymond's real estate business has achieved scale, reporting revenue of Rs 1,593 crore (43 per cent YoY growth) and EBITDA of Rs 370 crore in FY24, positioning it well to chart its own growth path as a separate entity.
Jul 4, 2024 · Raymond Limited on July 4 announced that it will demerge the real estate business to explicit the growth potential of the real estate business and attract fresh investors to participate in...
3 days ago · She, however, remains on the board of flagship Raymond Ltd as a non-executive director. The stock of Raymond has rallied by more than 75 percent in the last one year period and has a current ...
Jun 24, 2024 · Shares of Raymond surged 6 per cent on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm.
Jul 4, 2024 · Raymond's board has approved the Scheme of Arrangement of Raymond Limited and Raymond Realty Limited and their respective shareholders. Raymond on Thursday said its board has approved the plan for a real estate business demerger. Shareholders will get one Raymond Realty share for each share held.
May 3, 2024 · Net profit of Raymond rose 17.94% to Rs 229.21 crore in the quarter ended March 2024 as against Rs 194.35 crore during the previous quarter ended March 2023. Sales rose 21.32% to Rs 2608.50 crore in the quarter ended March 2024 as against Rs 2150.18 crore during the previous quarter ended March 2023.
