Mumbai, May 14 -- The record date for the demerger is set for Wednesday, 14 May 2025, to determine shareholder eligibility. As part of the arrangement, shareholders will receive one share of Raymond Realty for every share held in Raymond.

The steep fall in Raymond's stock is not indicative of a sell-off but reflects the price adjustment due to the spinoff of its real estate vertical. Raymond Realty will now operate independently as a standalone listed entity.

The demerger plan was first announced in July 2024 and received approval from the National Company Law Tribunal in March 2025. It officially came into effect on 1 May 2025. Post-demerger, investors will hold equity in both Raymond and Raymond Realty.

Raymond Realty is expected to ...