Raymond Demerges Its Branded Lifestyle Business, Shares Surge
A Raymond store on Bhulabhai Desai Road, Mumbai. (Photographer: Jyotiprakash Raut/BloombergQuint)

Raymond Demerges Its Branded Lifestyle Business, Shares Surge

Shares of Raymond Ltd. surged Friday after it spun off its branded lifestyle business into a separate entity as part of a restructuring plan. The stock rose as much as 12.01 percent to Rs 754.20—th...
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