Subsidiary12 Aug 2026, 11:00 pm

Raymond Realty Incorporates Wholly Owned Subsidiary Ten X Mahalaxmi Limited

AI Summary

Raymond Realty Limited has announced the incorporation of its wholly owned subsidiary, Ten X Mahalaxmi Limited, on August 12, 2026. This strategic move aims to explore and undertake new real estate projects, particularly focusing on the redevelopment model and mitigating project-specific risks. Ten X Mahalaxmi Limited has an authorized share capital of ₹1,00,000 and is yet to commence business operations. The incorporation was completed with an investment of ₹10/- per equity share by Raymond Realty Limited.

Key Highlights

Raymond Realty Ltd incorporated a new wholly owned subsidiary, Ten X Mahalaxmi Limited.
The subsidiary is established to undertake new real estate projects, focusing on redevelopment.
This initiative aims to mitigate project-specific risks for the parent company.
Ten X Mahalaxmi Limited has an authorized share capital of ₹1,00,000.
The incorporation is a strategic move to expand real estate business operations.

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Raymond Realty Ltd

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