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Raymond Realty forms subsidiary, Ten X Mahalaxmi, to pursue redevelopment projects in Maharashtra
07-Aug-2026, 07:52
Raymond Realty Limited announced that its board approved the incorporation of a wholly-owned subsidiary, Ten X Mahalaxmi Limited, with an initial paid-up capital of Rs 1,00,000, to explore new real estate projects, particularly redevelopment models, and mitigate project-specific risks. The new subsidiary will be incorporated in the state of Maharashtra and will be engaged in the real estate business.
Raymond Realty Limited announced that its board approved the incorporation of a wholly-owned subsidiary, Ten X Mahalaxmi Limited, with an initial paid-up capital of Rs 1,00,000, to explore new real estate projects, particularly redevelopment models, and mitigate project-specific risks. The new subsidiary will be incorporated in the state of Maharashtra and will be engaged in the real estate business.