Raymond Limited — Important, 13-05-2025: General Updates

Raymond has announced a demerger of its real estate business into a new entity, Raymond Realty Limited (RRL). Shareholders will receive 1 share of RRL for every 1 share held in Raymond. The cost of acquisition will be split between Raymond Limited (60.92%) and RRL (39.08%). This move aims to unlock value by enabling focused growth in both the core and real estate businesses.