MoneyWorks4Me

Raymond to demerge core Lifestyle Business into separate entity

08 Nov 2019 Evaluate

Raymond is planning to demerge its core Lifestyle Business into a separate entity that will be listed through mirror shareholding structure. Every shareholder of Raymond will be issued the shares of the new company in the ratio of 1:1.

The move will create a clear demarcation of Lifestyle & other businesses leading to the simplification of the Group structure.

Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.

Peers
Company Name CMP
Bharat Heavy Elect. 427.60
Thermax 3231.40
Kirloskar Industries 3466.45
Skipper 539.95
INDO-MIM 1318.45
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