Raymond Limited (NSEI:RAYMOND) agreed to Spin-Off Raymond Realty Limited on July 4, 2024. Raymond Limited will issue 1 equity share of Raymond Realty Limited of INR 10/- each fully paid up for every 1 equity share of Raymond Limited. The shares issued by RRL would be listed on BSE Limited and the National Stock Exchange of India Limited subject to necessary approvals.

The transaction has been approved by the board of Raymond.