India's Raymond Lifestyle falls after market debut

Raymond Lifestyle

05/09/2024 06:12

** Shares of India's Raymond Lifestyle  RAYL.NS  down 5%
after listing at 3,020 rupees in market debut 
    ** RAYL, spun off from conglomerate Raymond  RYMD.NS ,
fetched a $2.19 billion valuation at listing price
    ** RYMD shares down 3.5%; stock is up 94% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))