Raymond Limited has made a public announcement regarding the Scheme of Arrangement between Raymond Limited (Demerged Company) and Raymond Realty Limited (Resulting Company). This Scheme of Arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. For the purpose of this corporate action, Wednesday, May 14, 2025 is the record date.
As per the Scheme of Arrangement, 1 (one) equity share of Raymond Realty Limited of ₹10 each fully paid-up will be issued for every 1 (one) equity share of Raymond Limited of ₹10 each fully paid-up. In other words, if you held 100 shares of Raymond Limited as on the record date, you will receive 100 shares of Raymond Realty Limited.
The resulting company is currently unlisted, but you will see the shares in the unlisted section of your portfolio. Trading will be possible once the company applies for listing. Your portfolio will update with the adjusted price of both Raymond Limited and Raymond Realty Limited once the Cost of Acquisition (COA) is declared.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.