Raymond Realty Limited has incorporated a wholly owned subsidiary company named 'Ten X Mahalaxmi Limited' on August 12, 2026. This is a strategic initiative to explore and undertake new real estate projects, particularly under the redevelopment model, and to mitigate project-specific risks.
The Certificate of Incorporation was received from the Ministry of Corporate Affairs / Registrar of Companies, Central Registration Centre on August 12, 2026. The Corporate Identity Number (CIN) of the subsidiary is U68100MR2026PLC479682.
Details of Ten X Mahalaxmi Limited:
- Name: Ten X Mahalaxmi Limited (TXML)
- Status: Wholly owned subsidiary company (WoS)
- Authorized Share Capital: ₹1,00,000 divided into 10,000 equity shares of ₹10 each
- Turnover: Nil (newly incorporated entity)
- Industry: Real Estate
- Business Object: To undertake real estate business
- Date of Incorporation: August 12, 2026
- Place of Incorporation: Registered with Registrar of Companies, Mumbai, Maharashtra
- Country of Presence: India
- Business Operations: Yet to commence
Acquisition Details:
- Nature of Acquisition: Investment/Subscription in cash by Raymond Realty Limited along with its nominees
- Shares Acquired: 10,000 equity shares of ₹10 each
- Percentage of Shareholding: 100% (wholly owned subsidiary)
- Consideration: Cash
- Related Party Transaction: Not applicable
- Governmental/Regulatory Approvals: Not applicable
- Time Period for Completion: Not applicable
Additional Information:
- The subsidiary's registered office is at At Post J. K. GRAM, Pokhran Rd No. 01 Thane W, Jekegram, Thane, Thane-400606, Maharashtra
- Permanent Account Number (PAN): AANCT4925B*
- Tax Deduction and Collection Account Number (TAN): PNET23455F*
- The information will be made available on the company's website: www.raymondrealty.in