Raymond's shares jumped over 7% to Rs 1,535 on November 22 after receiving a 'no objection' letter from BSE and NSE for the demerger and listing of its realty business, Raymond Realty. This follows the board's approval on July 4, 2024, to separate the lifestyle and realty segments, allowing both to operate as independent listed companies. Shareholders will receive one share of Raymond Realty for each share held in Raymond, with 6.65 crore shares issued at a face value of Rs 10 each.