Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit

Q: How long will it take to read this news story?

The story "Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit" has 898 words across 31 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit" was covered 7 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 333 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22372293</li><li>URL: https://beamstart.com/news/raymond-lifestyle-lists-at-rs-17255139836028</li></ul>

Business Standard Logo Business Standard 7h ago

Raymond Lifestyle lists at Rs 3,020 on NSE; locked in 5% lower circuit - Business Standard

Quick Summary:

RLL's stock locked in lower circuit of 5 per cent at Rs 2,869, after listing at Rs 3,020 on the National Stock Exchange on Thursday.

The company had announced a share exchange ratio of 4:5, which means four shares of RLL would be allotted to shareholders for every five shares of Raymond that they held.

The company reiterated its guidance of 12-15 per cent revenue growth and doubling of Ebitda to over Rs 2,000 crore by FY28 (that is 19 per cent CAGR) in the lifestyle business.