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Raymond Realty Shares Allotted as Realty Demerger Completes Key Milestone

Raymond Ltd shareholders receive one Raymond Realty share per share held as the realty arm begins operations as a standalone entity with strong financials and growth prospects.

Raymond share: 66% fall! Why stock bled amid Raymond Realty demerger

Overview

  • Raymond Realty's demerger was finalized on May 1, with May 14 set as the record date for share allotment to Raymond Ltd shareholders.
  • Eligible shareholders are receiving one Raymond Realty share for every Raymond Ltd share held, as per the approved scheme of arrangement.
  • The newly independent realty business reported Q4 FY25 revenue of Rs 766 crore, EBITDA of Rs 194 crore, and a booking value of Rs 636 crore.
  • Raymond Realty has secured two new joint development agreements in Mahim and Wadala, with a combined gross development value of Rs 6,800 crore.
  • The standalone realty entity, with a net cash surplus of Rs 399 crore, is expected to list in the September quarter of FY26, showcasing a robust Rs 40,000 crore revenue pipeline.