Raymond surges 5% after lifestyle business demerger

Raymond shares surged 5% to ₹2,001 on the NSE following the lifestyle business demerger. Shareholders will get four Raymond Lifestyle shares for every five held. Raymond Realty, newly demerged, adds to Raymond’s three listed entities. InCred Equities expects Raymond Lifestyle listing by August-September. The combined value of three businesses is ₹3,755 per share, per Motilal Oswal.