Raymond Realty Limited, originally incorporated as Raymond Lifestyle Limited on November 14, 2019, is a public company focused on real estate development and allied activities. The company underwent a name change to Raymond Realty Limited, with a fresh certificate of incorporation issued on January 5, 2024, by the Registrar of Companies in Mumbai.
Initially a wholly owned subsidiary of Raymond Limited, Raymond Realty became an independent entity through a Scheme of Arrangement approved by the National Company Law Tribunal (NCLT), Mumbai. This scheme demerged the realty business from Raymond Limited, transferring it to Raymond Realty, effective April 1, 2025. The restructuring is part of the company's strategic focus on expanding its real estate operations.
As part of the demerger, Raymond Realty issued 6,65,73,731 equity shares with a face value of ₹10 each to the shareholders of Raymond Limited on a 1:1 ratio on May 14, 2025. This realignment allowed the company to independently focus on its core business of real estate development, catering to growing demand in the sector.
