The Mumbai-based Raymond Limited (NSEI:RAYMOND) has set July 11 as the record date for the demerger. The hived-off unit Raymond Lifestyle Limited (RLL) is expected to list within a month. Raymond has also proposed the merger of its real estate business Raymond Realty Limited (RRL).

Going ahead, the Raymond Group will have three separate listed entities RLL, RRL and Raymond, which will focus on engineering tools and hardware, auto components, aerospace and defense businesses.