Shares of Raymond hit a life high on Friday, a day after the Group announced the vertical demerger of its real estate business into its wholly owned subsidiary, Raymond Realty Ltd (RRL). The Board of Raymond Limited announced on Thursday that Raymond Limited and Raymond Realty Limited (RRL) will operate as separate listed entities, a company statement said. The shares of Raymond surged around 10 per cent to Rs 3236 per share as the stock markets opened this morning. For the share market, the company stated on Thursday that the new entity will seek automatic listing on stock exchanges. According to the scheme of arrangement, each Raymond Ltd (RL) shareholder will receive one share of RRL for every one share held in Raymond Ltd. Raymond’s demerger of its real estate arm is seen as a move to unlock the potential of the group’s real estate business. “The demerger aligns with
Diese Geschichte stammt aus der July 06, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 06, 2024-Ausgabe von The Business Guardian.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
BANGALORE-BASED STARTUP TRIP CABINET SECURES USD 6.5 MN IN FUNDING
A Bangalore-based travel startup, Trip Cabinet , raised USD 6.5 million in a recent funding round.
Adani Group honoured in TIME's World's Best Companies of 2024
The Adani Group has featured in TIME’s prestigious World’s Best Companies of 2024 list, prepared in collaboration with Statista, a leading global industry ranking and statistics portal.
ARCI develops cost-effective nanosecond laser surface texturing
Researchers at the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), an autonomous R&D centre under the Department of Science and Technology, has developed nanosecond laser surface texturing, which promises to improve lubrication within internal combustion (IC) engines and address the challenge of friction and wear between moving parts.
Ford announces intent to restart manufacturing plant in TN
US carmaker Ford on Friday announced its intent to restart operations at its manufacturing plant in Tamil Nadu.
FSSAI STARTS DRIVE TO CHECK ADULTERATION
The Food Safety and Standards Authority of India (FSSAI) has initiated a special drive to ensure the safety and quality of food items during the festive season.
Court acquits former Delhi Women & Child Minister in rape case
The Rouse Avenue court on Wednesday acquitted a former Delhi Minister in a rape and prevention of corruption case of 2016.
Delhi court acquits 10 accused, giving benefit of doubt in riots case
Delhi’s Karkardooma Court has acquitted 10 accused in the case of rioting, giving them benefit of doubts.
Court rejects CBI plea to administer narco test to accused Sanjay Roy
The Sealdah court on Friday rejected the prayer of CBI for administering a narcoanalysis test to Sanjay Roy, the accused in the RG Kar Hospital case.
CBI SHOULD DISPEL 'CAGED PARROT' NOTION, SAYS SC
Supreme Court Judge, Justice Ujjal Bhuyan on Friday made a strong observation on the Central Bureau of Investigation (CBI) in relation to the arrest of Delhi Chief Minister Arvind Kejriwal in the excise policy case, saying that it is imperative that the cenral probe agency dispel the notion of being a “caged parrot.”
Delhi court grants bail to accused in cyber fraud case
Delhi’s Karkardooma Court has acquitted 10 accused in the case of rioting, giving them benefit of doubts.