India's Raymond gains after exchange approval to spin off realty business

Raymond

22/11/2024 05:07

** Raymond  RYMD.NS  gains 5.9% to 1,517.9 rupees; eyes best
one-day pct gain since Aug. 22
    ** Co gets "no objection" letter from National Stock
Exchange and Bombay Stock Exchange to spin off its real estate
business, Raymond Realty
    ** Says the business will be listed on NSE and BSE after
necessary approvals
    ** More than 443,000 shares traded, 1.5x its 30-day avg
    ** Stock up 45% YTD

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))