Raymond Realty Incorporates Wholly Owned Subsidiary for Real Estate Ventures
Raymond Realty Limited has incorporated a new wholly owned subsidiary, Ten X Mahalaxmi Limited, as part of a strategic initiative to explore and undertake real estate projects. The company registered the new entity on August 12, 2026.The incorporation of Ten X Mahalaxmi Limited is designed to facilitate involvement in new real estate projects, especially those under the redevelopment model, thereby helping to mitigate project-specific risks for the parent company.
The subsidiary was incorporated with the specific object of undertaking the real estate business. Raymond Realty Limited executed an investment through subscription in cash by itself and its nominees, acquiring 100% control of Ten X Mahalaxmi Limited.
Details regarding the new entity and the capital structure are summarized below:
| Particulars | Details |
|---|---|
| Name of Subsidiary | Ten X Mahalaxmi Limited (TXML) |
| Incorporation Date | August 12, 2026 |
| Industry Sector | Real Estate Industry |
| Authorized Share Capital | Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each |
| Investment Nature | Subscription in cash by Raymond Realty Limited and its nominees |
| Ownership Acquired | 100% Wholly owned subsidiary |
Ten X Mahalaxmi Limited is registered with the Registrar of Companies in Mumbai, Maharashtra, and has not yet commenced business operations. The company's mandate focuses entirely on entering the real estate market.
RAYMONDREL Stock Price Movement
On Wednesday, Raymond Realty Limited shares slipped as the stock settled at ₹580.90, having shed 4.81% from previous closing prices. The equity traded a substantial volume of 540,310 shares during the session.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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