Raymond demerges lifestyle business, creates two separate companies

Raymond has demerged its core lifestyle business. This will create two separate companies—the new one housing the core branded textile, branded apparel and garmenting businesses and the existing one to have its new real estate project, land bank, engineering businesses of auto components and FMCG businesses, among others. The demerger is expected to simplify the group structure and enable the demerged company and the resulting companies to have a focused strategy and specialization for sustained growth and the ability to attract investors for better access to capital.