Investment8 Oct 2026, 07:40 pm
Raymond Realty Invests ₹90,000 in Subsidiary TXRNL
AI Summary
Raymond Realty Limited has made a further investment of ₹90,000 in its wholly-owned subsidiary, Ten X Realty North Limited (TXRNL), by subscribing to 9,000 equity shares via a rights issue. This investment does not alter Raymond Realty's 100% shareholding in TXRNL. TXRNL, formerly Chembur Realty Limited, is engaged in the real estate business and had a NIL turnover for the financial year ended March 31, 2026. The transaction is considered an arm's length transaction as TXRNL is a wholly-owned subsidiary.
Key Highlights
- Raymond Realty invested ₹90,000 in subsidiary TXRNL.
- Investment made via rights issue of 9,000 equity shares.
- Shareholding in TXRNL remains at 100% post-investment.
- TXRNL is engaged in the real estate business.
- Transaction is at arm's length.
Price Impact
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