Find out why Raymond shares took a hit today and what the future holds for investors. Exciting changes are on the horizon!
Raymond shares experienced a sharp 40% decline today, leaving investors wondering about the reasons behind this significant drop. The plunge in share prices is attributed to the demerger of Raymond's lifestyle business, which is set to be listed separately on stock exchanges between August and September. This restructuring has caused a stir in the market, leading to fluctuations in the stock value.
As Raymond's share price trades ex-lifestyle business, it surged by 5% on the upper circuit. With the record date for the demerger looming, shareholders are anticipating the listing of Raymond Lifestyle, where they will receive 4 equity shares for every 5 shares held in the parent company. This strategic move is expected to bring about a new era for Raymond and its investors.
Following the demerger news, Raymond's stock gained 4% from the discovered price, indicating positive momentum in the market. Shareholders are optimistic about the upcoming listing of Raymond Lifestyle, which is scheduled to happen within a month. The separation of the lifestyle business is projected to enhance the overall value of both entities, presenting a lucrative opportunity for existing shareholders.
In conclusion, the recent developments in Raymond's share price reflect the company's strategic restructuring to unlock value and drive growth. Investors are closely monitoring the upcoming listing of Raymond Lifestyle and its potential impact on their investment portfolios. With exciting changes on the horizon, Raymond's journey post-demerger is poised to be a game-changer in the stock market landscape.
Interesting Fact: Post demerger, all Raymond businesses are expected to be net debt-free, with the lifestyle business holding a significant cash reserve of โน200 crore. Additionally, Raymond Group will have three separate listed entities, including RLL, showcasing a diversified and robust market presence.
The demerged business has been separated and would now be listed separately on stock exchanges around August-September. Existing investors of Raymond would be ...
Raymond share price hit a 5% upper circuit as the company turned ex-date for its lifestyle business demerger. The record date for the demerger is set for ...
Shares of Raymond Lifestyle to list within a month; Raymond shareholders to be allotted 4 equity shares of Raymond Lifestyle for every 5 shares held in ...
Raymond's stock opened at Rs 1906 on the NSE, which was a 39.60% drop from its previous day's closing value of Rs 3156.10.
Raymond's lifestyle business demerger process begins with shareholders receiving new equity shares. The company's stock price rises by nearly 5% on the BSE.
Post demerger all businesses are expected to be net debt free. Lifestyle business will have net cash of โน200 crore while real estate business is expected ...
Raymond shares were trading at Rs 2001.30 apiece at 11:02 am on Thursday. In future, Raymond Group will have three separate listed entities RLL, ...
Indian stock market indices, Sensex and Nifty 50 succumbed to profit booking and traded lower on Thursday. The benchmark Nifty 50 fell below 22,300 level ...
Raymond Share Price Target 2024: Despite the initial drop, the stock rebounded, hitting the upper circuit limit of 5%, closing at Rs 2047.45 on the BSE ...