Raymond shares crash 66%: 4 key things to know about the realty demerger
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Shares of Raymond Ltd tumbled 66% on Wednesday, trading at Rs 530 compared to Tuesday’s close of Rs 1,561.30, as the stock turned ex-date for the demerger of its real estate business, Raymond Realty. While dramatic on the surface, the sharp fall is not a sell-off but a notional price adjustment reflecting the separation of the realty arm, which will now operate as a standalone entity. The record date for the demerger is Wednesday, May 14, to determine eligible shareholders who will receive one share of Raymond Realty for every share held in Raymond. The demerger was completed on May 1, and the real estate entity is expected to list separately by the September quarter of FY26. 1. Demerger triggers notional price adjustment The steep fall in Raymond’s share price is not due to selling pressure but is a notional adjustment to reflect the demerger of its real estate business. With Raymond Realty no longer a part of Raymond Ltd’s financials, t...