Raymond Realty Incorporates Wholly Owned Subsidiary for New Real Estate Ventures
Raymond Realty Limited has announced the incorporation of a new wholly owned subsidiary company named Ten X Realty South Limited (TXRSL). The strategic move, executed to explore and undertake new real estate projects, is specifically aimed at the redevelopment model and mitigating potential project-specific risks.The subsidiary, Ten X Realty South Limited, was incorporated on May 15, 2026. The company is positioned to engage in the real estate business and was established as a strategic initiative by Raymond Realty Limited.
According to details provided regarding the new entity, TXRSL has an Authorized Share Capital of Rs. 1,00,000/-, comprising 10,000 equity shares of Rs. 10/- each. The company currently reports Nil turnover, as it is proposed to be incorporated.
The investment structure confirms that Raymond Realty Limited, along with its nominees, is subscribing to the 10,000 equity shares, representing a 100% shareholding, making TXRSL a wholly owned subsidiary of Raymond Realty Limited.
Key details regarding the subsidiary include:
| Parameter | Detail |
|---|---|
| Subsidiary Name | Ten X Realty South Limited (TXRSL) |
| Incorporation Date | May 15, 2026 |
| Industry | Real Estate Industry |
| Business Object | Undertaking real estate business |
| Authorized Capital | Rs. 1,00,000/- |
| Equity Shares | 10,000 shares of Rs. 10/- each |
| Control Acquired | 100% (Wholly owned subsidiary) |
| Consideration | Subscription in cash by Raymond Realty Limited |
TXRSL is registered with the Registrar of Companies, Mumbai, Maharashtra. While the subsidiary has been incorporated, it is noted that it is yet to commence its business operations.
RAYMONDREL Stock Price Movement
On Friday, Raymond Realty Limited shares slipped by 1.92% to close at ₹551.85. The stock saw heavy trading, completing the day on a volume of 328,895 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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