Raymond Ltd, a diversified Indian conglomerate best known for its legacy in textiles, is set to list its real estate arm, Raymond Realty Ltd, on the stock exchanges in the second quarter of FY26. The demerger, effective May 1, 2025, positions the real estate business as an independent entity, unlocking potential for focused growth and value creation. With regulatory approvals in place and a clear share allotment structure for existing shareholders, Raymond is reinforcing its transformation strategy—having already spun off its lifestyle division last year.