24/6/2024, 8:45:04 am

NCLT approves Raymond group entities’ strategic demerger, amalgamation

The NCLT has approved Raymond's restructuring plan, involving the demerger of its lifestyle business and amalgamation of its consumer trading arm. Shareholders of Raymond Ltd will receive four equity shares of Raymond Lifestyle for every five shares held, while those of Ray Global Consumer Trading will receive two equity shares for each share held.