InvestorQ : What is the major restructure that the Raymond group if currently planning?
NISHA Nayak made post

What is the major restructure that the Raymond group if currently planning?

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Anu Biswas answered.
2 months ago
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Raymond Ltd, the flagship of the Vijaypath Singhania group, has passed a board resolution for a massive group consolidation exercise. Here is what it will look like. The tools and auto components businesses will be merged with engineering business. This will ensure synergies and also aid monetisation.

In addition, Raymond will consolidate its Business-to-Consumer or B2C ventures and as part of the move will transfer the apparels franchise into Raymond Ltd. The realty business will be hived off into a separate subsidiary with a view to deliver 3 million SFT of residential projects. The proceeds of monetization will be used for deleveraging.

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