Investment Details
On October 08, 2026, Raymond Realty Limited made a further investment in Ten X Realty North Limited (formerly known as Chembur Realty Limited), its wholly-owned subsidiary. The investment was made through subscription to a rights issue of 9,000 equity shares with a face value of ₹10 each, aggregating to ₹90,000. The newly issued shares rank pari-passu with existing equity shares of TXRNL.
Subsidiary Background
Ten X Realty North Limited was incorporated under the Companies Act, 2013 on October 29, 2025, as a wholly-owned subsidiary of Raymond Realty Limited. The company is engaged in the real estate business. For the financial year ended March 31, 2026, TXRNL reported nil turnover.
Ownership Impact
The investment does not change the percentage of shareholding of Raymond Realty Limited in TXRNL. TXRNL will continue to remain a 100% wholly-owned subsidiary of Raymond Realty Limited post-investment.
Transaction Classification
The transaction falls within the ambit of exempted related party transactions as TXRNL is a wholly-owned subsidiary. The transaction was conducted at arm's length. Except for the shares held by Raymond Realty Limited, the promoter/promoter group/group companies have no other interest in TXRNL.
Regulatory Approvals
No governmental or regulatory approvals were required for this acquisition.
Consideration Type
The consideration was paid in cash.
Additional Information
The disclosure is made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information will be made available on the company's website at www.raymondrealty.in.