Raymond Limited of Gautam Singhania has announced a record date under its demarr scheme. The company said that a record date has been kept on 14 May 2025. On this day, it will be decided which Raymond shareholders will be entitled to the shares of the new real estate company.
Last year, Raymond planned to divide its business into two parts. The first part of it has already been listed on NSE and BSE on 5 September 2024 as Raymond Lifestyle. Now it is the turn of real estate business, which will be listed as Raymond Realty Limited (RRL) as a separate company.
Raymond shareholders will get 1 share of Raymond Realty on every 1 stock. That is, if an investor has 100 shares of Raymond, then he will also get 100 shares of RRL.
Deemer scheme applicable from May 1
Raymond reported in the exchange filing that the Demker’s plan has now become effective since 1 May 2025. The scheme came into force on the evening of 30 April after filling the necessary documents in the Registrar of Companies, Pune and Mumbai.
Now 3 different listed companies
Raymond has made it clear that there will be three listed companies of the group after the demar.
- RAYMONDLIDED (Preappy Company)
- Raymond Lifestyle (Lifestyle Business)
- Raymond Realty (Real Estate Business)
Raymond Realty will now issue 6.65 crore shares whose face value will be ₹ 10. The current market cap of Raymond Limited is ₹ 10,158.15 crore.
First Published – May 2, 2025 | 4:06 PM IST
