Raymond Limited

rs,

24/2 April 2 , 2023 3 8 To The Department of Corporate Services - CRD BSE Limited P.J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 500330 Dear Sir/Madam The National Stock Exchange of

₹ 2,825

siness • RCCL sells its FMCG business to Godrej Consumer Products Ltd (GCPL) • Consideration of ₹ 2,825 cr at 5.4 times annual sales FY22: ₹ 524 cr • Proceeds to be utilized to repay debt • Raymond Grou

₹ 524

Godrej Consumer Products Ltd (GCPL) • Consideration of ₹ 2,825 cr at 5.4 times annual sales FY22: ₹ 524 cr • Proceeds to be utilized to repay debt • Raymond Group to be net debt free with ~₹ 1,300 cr

₹ 1,300

Y22: ₹ 524 cr • Proceeds to be utilized to repay debt • Raymond Group to be net debt free with ~₹ 1,300 cr surplus cash available as growth capital Raymond Consolidated Gross debt: ₹ 2,022 Cr & Net deb

₹ 2,022

free with ~₹ 1,300 cr surplus cash available as growth capital Raymond Consolidated Gross debt: ₹ 2,022 Cr & Net debt: ₹ 932 Cr (Dec-22) Two Pure Play Listed Entities • Raymond Ltd (RL) & RCCL to be tw

₹ 932

surplus cash available as growth capital Raymond Consolidated Gross debt: ₹ 2,022 Cr & Net debt: ₹ 932 Cr (Dec-22) Two Pure Play Listed Entities • Raymond Ltd (RL) & RCCL to be two listed entities w

₹ 1,400 Crore

s transaction into Lifestyle business • With this transaction, Promoter shall have invested around ₹ 1,400 Crores through asset monetization reflecting commitment towards Raymond Group *RCCL is an Associate o

47.66%

ent towards Raymond Group *RCCL is an Associate of Raymond Ltd with shareholding - Raymond Ltd: 47.66%, Promoter Group: 49.68% and Public shareholders: 2.66% 3 Corporate Initiative DE- MERGER INITIA

49.68%

oup *RCCL is an Associate of Raymond Ltd with shareholding - Raymond Ltd: 47.66%, Promoter Group: 49.68% and Public shareholders: 2.66% 3 Corporate Initiative DE- MERGER INITIATIVE Lifestyle Busines

2.66%

aymond Ltd with shareholding - Raymond Ltd: 47.66%, Promoter Group: 49.68% and Public shareholders: 2.66% 3 Corporate Initiative DE- MERGER INITIATIVE Lifestyle Business DELEVERAGING INITIATIVE Sell

50%

ess 4 Snapshot of Demerged Businesses Raymond Limited Real estate Engineering Denim Business (50% JV) Branded Textile Branded Apparel Garmenting High Value Cotton Shirting Raymond Consumer

₹ 2,200

Debt of ₹ 932 cr (Dec-22) and sale proceed of ₹ 2,825 cr with estimated after tax realization of ~₹ 2,200 cr on sale of FMCG business will lead to surplus cash of ~ ₹ 1,300 cr in Raymond group (on proforma