Mukul Agrawal-Backed Company Announces Demerger; Shareholders to Receive 1 Share for Every 1 Share Held; Complete Details Inside
The company’s shares have delivered an impressive multibagger return of around 600 per cent in the past 3 years.
The Board of Directors of Raymond Limited ("RL") at its meeting held on July 4, 2024, approved a Scheme of Arrangement between RL (the 'Demerged Company') and Raymond Realty Limited ("RRL"). Upon the Scheme becoming effective on the defined Effective Date, RRL will issue 6,65,73,731 (Six Crores Sixty-Five Lakhs Seventy-Three Thousand Seven Hundred and Thirty-One) equity shares of RRL, each with a face value of Rs 10 (Indian Rupees Ten), to the equity shareholders of RL.
As part of the demerger, the approved share exchange ratio is 1 (One Only) fully paid-up equity share of Raymond Realty Limited, with a face value of INR 10 each, for every 1 (One Only) fully paid-up equity share of Raymond Limited, also with a face value of INR 10 each. Importantly, there is no cash or other form of consideration involved in this demerger.
Raymond Limited shares closed the day at Rs 2941.90 per share. The company’s current market capitalization stands at Rs 19585.33 crore. The stock has delivered a multibagger return of over 600 per cent in just 3 years.
As per the Quarterly Results, in the fourth quarter of FY24, Raymond Limited recorded a revenue of Rs 2608 crore. The operating profit for Q4 FY24 stood at Rs 435 crore. The net profit for Q4 FY24 was Rs 230 crore. Looking at the annual performance, the company generated a revenue of Rs 9020 crore in FY24, compared to Rs 8215 crore in FY23. The operating profit for FY24 was Rs 1309 crore, with a net profit of Rs 1643 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Heavy buying and FIIs & DIIs increase stake: This multibagger small-cap stock announced bonus shares!
-
300 per cent Jump in net profit; LIC backed Multibagger company announces stellar results; Rocket rally of 250 per cent in 1 year!
-
Heavy buying witnessed: Keep a close eye on this multibagger stock which announced demerger
-
Vijay Kedia Backed Multibagger Cybersecurity Company's Stock Hits Upper Circuit Today; Here's Why!
-
1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!
-
Rs 1,97,067 million Order Book & FIIs Increased Stake: This Multibagger Infra Company Bags Order Worth Rs 572 Crore, Stock Rallies and Hits 52-Week High Today!
-
Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
-
Rs 10,887 million order book and 250 per cent returns: Mukul Agrawal backed multibagger stock bags new order worth Rs 156.50 crore!
-
Promoters & FIIs Increased Stake: This Small Cap Company Bags Order Rs 60,00,00,000 from Bin Awadh Alnaqeeb Group in Yemen!
-
1,200 per cent returns and Rs 85,000 crore order book: This multibagger railway stock emerges as a lowest bidder for order worth Rs 132,59,20,130!
-
Rs 27,208 Crore Order Book: This Railway Infra Company Bags Order Worth Rs 750 Crore from Rail Vikas Nigam; Stock Gains Over 240 per cent in Just 1 Year!
-
250 per cent returns in a year and Rs 278 crore order win: This multibagger defence & aerospace stock bags back-to-back new orders!
-
Asha Mukul Agrawal-Backed Multibagger Company Likely to Announce Buyback on July 11, 2024; Keep This Stock on Your Radar!
-
Ashish Kacholia & Mukul Agrawal Backed Multibagger Company Bags Order Worth Rs 2,96,00,000 from Radiance Realty Group; Must Watch!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 500 per cent in less than a year!
-
900 per cent returns and FIIs & DIIs increase stake: This Multibagger Power Stock Signs PPA for 700 MW ISTS-Connected Solar Capacity with SJVN in Rajasthan!
-
Rs 1,400 crore order book: Mukul Agrawal’s portfolio multibagger aerospace & defence stock hit upper circuit & 52-week high!
-
Mukul Agrawal bought 1,67,000 shares & FIIs bought 5,51,688 shares of this multibagger defence stock in FY24; Hit 52-week high on July 02
-
Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!
-
Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!