Raymond trades ex-demerger; realty arm to list separately

Shares of Raymond Ltd traded ex-demerger on Wednesday, May 14, following the separation of its real estate division, Raymond Realty, into a standalone entity. The stock was locked in a 5% upper circuit at ₹556.45 on the BSE, compared to Tuesday’s closing price of ₹1,561.30, reflecting the corporate action adjustment.

The company had earlier fixed May 14 as the record date to determine eligible shareholders who will receive shares of Raymond Realty. Shareholders will be allotted one share of Raymond Realty for every one share held in Raymond—a move the company said is aimed at unlocking greater shareholder value.

Raymond Realty was officially demerged on May 1, marking the conglomerate’s second major restructuring after it spun off Raymond Lifestyle in 2024, which got listed in September the same year. The listing of Raymond Realty is expected by the September 2025 quarter.

Meanwhile, Raymond reported a 40% drop in consolidated net profit for the March quarter to ₹137 crore, down from ₹230 crore a year earlier. However, revenue from operations more than doubled, rising 109% to ₹557 crore from ₹266 crore in the same period last year.

As of 11:58 AM, Raymond shares remained locked at the upper circuit limit of ₹556.