From ₹1,487 to ₹3,480: Raymond shares more than doubles in 8 months
On Friday, Raymond shares rallied 18.3% to hit a fresh record high of ₹3,480.35 on the BSE, after it announced the demerger of its real estate business.
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Raymond announces demerger of its real estate business
Each Raymond shareholder will receive 1 share of Raymond Realty for every 1 share held in Raymond.
Raymond enters aerospace biz with Maini Precision acquisition for ₹682 cr
The acquisition is a "strategic move" that’ll strengthen Raymond’s existing engineering business and will help it foray into aerospace, EV and defence
Raymond Q4 results: Profit drops 26% to ₹194 cr; declares dividend of ₹3
The consolidated net debt reduced by ₹399 crore to ₹689 crore as of March 31, 2023, as compared to ₹1,088 crore as on March 31, 2022.
Raymond shares dip 7% after selling FMCG biz to Godrej Consumer Products
The cash deal is expected to be completed by May 10, 2023. The Singhania family-backed Raymond group had been looking to divest its consumer care business for over two years.
Godrej Consumer in talks to acquire Raymond's consumer care biz; stock down 3%
Earlier this month, Godrej Consumer announced an investment of ₹100 crore in Early Spring, a new early-stage fund being set up by Spring Marketing Capital.
'Every family has issues' – Gautam Singhania
Raymond has reset close to ₹700 crore of costs in order to bring the business back in line.
Sensex, Nifty to see gap-down opening; Raymond, Sun Pharma, ITC, AU Small Finance Bank in focus
Dalal Street headed for a negative start on Wednesday, following weak cues from Asian peers as market participants remained concerned about the Omicron variant of Covid-19.
The big bash-up: Brands vs e-tail
Why brands are looking to abandon the biggest e-tailers to focus on own direct-to-consumer experiences.
CMD role split: India Inc. breathes a sigh of relief
CMDs at India’s top 500 listed companies had time till April 1, 2020, to comply with a SEBI mandate for splitting the role. Now they have got a two-year extension.
