Raymond Realty strengthens board before listing on bourses on July 1

Mumbai, Jun 25 (PTI) Raymond Group's Gautam Hari Singhania has been appointed as Chairman of Raymond Realty Ltd, which is going to be listed on bourses on July 1 post demerger process.

Harmohan Sahni has been elevated to MD and CEO.

In a statement on Wednesday, the company said it has strengthened its Board with the appointment of four new Independent directors. The four new independent directors are -- K Narsimha Murthy, Dipali Sheth, Ashish Kapadia and Bharat Khanna.

Gautam Trivedi has been appointed as Non-Executive Director.

"The board will be chaired by Group Chairman Gautam Hari Singhania, with Harmohan Sahni serving as Managing Director and CEO of Raymond Realty," the statement said.

Singhania said the company has embarked on an exciting journey as a focused, pure-play branded real estate firm.

"The Board's diverse and in-depth expertise will provide invaluable guidance to our passionate and committed management team as we work towards our vision of transforming India's skyline. With a firm emphasis on professional management, robust corporate governance, shareholder interest and transparency, we are well-positioned to achieve our long-term aspirations," Singhania said.

Raymond Realty Ltd is one of the leading real estate developers in the country. It is part of the Raymond Group. After demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is carving out real estate vertical into a separate listed entity and will focus only on engineering business. PTI MJH DR