Raymond Demerger: NCLT approves demerge, amalgamation of Raymond group entities, Gautam Singhania says 

Gautam Singhania, chairman of Raymond, on Friday said the National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm, paving way for a more focused and streamlined corporate structure.

The approval is a crucial step towards establishing a more refined and efficient corporate framework for the Raymond group. The development would mean segregation of Raymond Ltd and Raymond Lifestyle, along with the incorporation of Ray Global Consumer Trading. As part of the restructuring process, shareholders can anticipate receiving equity shares determined by the swap ratio.

“We have achieved a significant milestone in Raymond Group’s journey as the National Company Law Tribunal (NCLT) approves our strategic demerger and amalgamation, marking a new chapter of growth & opportunity for us.. This means a fresh, focused corporate structure is on the horizon,” Singhania posted on X.

After the restructuring, shareholders of Raymond Ltd will receive four equity shares of Raymond Lifestyle for every five shares held in Raymond Ltd.