Soon Raymond Lifestyle will list separately. Can you take us through the journey and the thought process? As you're aware, Raymond previously operated three distinct businesses, resulting in a substantial holding company discount. With a long-term vision, I aimed to create separate businesses with independent management, governance, and reward structures. Following the sale of our fast-moving consumer goods (FMCG) business, we repaid our debt and became cash surplus. We then initiated a two-phase demerger process.
First, we announced the demerger of our lifestyle business, and second, we plan to demerge our realty business next year.
This strategic move will unlock value by allowing like-for-like comparisons. Within Raymond Lifestyle, our wedding collection business can be compared to Manyavar (Vedant Fashions), our apparel business to Aditya Birla Fashion & Retail (ABRL), and our export business to Gokaldas. This clarity will enable investors to assess each business's true potential.
Denne historien er fra August 29, 2024-utgaven av Business Standard.
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Denne historien er fra August 29, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A yr of Israel-Hamas war: Trade with W Asia holds steady
However, trade with Israel, Lebanon, Jordan declines during January-July period
Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit
The sharp dialogues of Andha Kanoon (1983), the captivating strains of Aana Jaana Laga Rahega from Geraftaar (1985), and the vibrant energy of Jumma Chumma De De from Hum (1991) have left an indelible mark on the memories of those who grew up in the '80s and '90s. These films celebrated the artistry of two icons of Indian cinema - Amitabh Bachchan and Rajinikanth - creating a rich tapestry of nostalgia that continues to resonate with fans.
West Asia crisis forces airlines to reroute
The closure of Iranian airspace after Iran fired missiles on Israel amid the crisis in West Asia have forced carriers to reroute various flights to Europe from Mumbai, increasing their flying duration by up to 20 minutes.
Status quo on rate; stance too may not change
Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties
A decade of Make in India
An uptick in manufacturing activity a decade since the launch of the Make in India initiative notwithstanding, India's integration with global value chains faces some challenges.
MODEL CODE OF CONSTRUCT
Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?
Money in the bank
The cash reserve ratio's use to ensure monetary stability is being debated as lenders' deposit growth slows down, reports RAGHU MOHAN
How India made M&A easier for companies
The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.
Rising home prices: Consider outskirts, in-progress projects
But be mindful of the potential drawbacks of these options and make balanced choices
Retail investors vs algos: Like lambs to slaughter
TRUTH BE TOLD
