Curation Team
Raymond Limited‘s realty arm — Raymond Realty which made its stock market debut on Tuesday witnessed a block deal where Norges Bank sold 4,12,585 equity shares approximately worth Rs 42 crore. The deal was done slightly above the listing price of Rs 1,000 on the NSE while below the discovery price.
Norges Bank, acting on behalf of the Norwegian Government Pension Fund Global sold shares at a price of Rs 1,005.94. Raymond Realty shares ended at Rs 999, falling by Rs 40 or nearly 4% over the discovery price of Rs 1,039.30.
Parent company Raymond, too, witnessed a flurry of block deals totalling over Rs 221 crore, as several institutional and proprietary investors exited significant positions.
Data compiled from the exchanges show the following key trades:
Graviton Research Capital LLP sold 11,41,077 shares at Rs 754.42, generating a deal size of Rs 86.1 crore.
NK Securities Research Pvt Ltd. offloaded 10,50,980 shares at Rs 754.60, worth Rs 79.4 crore.
QE Securities LLP sold 7,38,831 shares at Rs 753.91, totalling Rs 55.7 crore.
Other sellers included Marwadi Chandarana Intermediaries Brokers (Rs 41.0 crore), Alphagrep Securities (Rs 33 crore), HRTI Pvt (Rs 34.8 crore), Arham Wealth Management (Rs 31 crore), and Elixir Wealth Management (Rs 32 crore).
The combined value of these Raymond Ltd. trades amounts to an estimated Rs 221 crore, signalling heightened activity as investors rebalance positions following recent corporate actions, including the listing of Raymond Realty.
The twin block deals in Raymond Realty and Raymond Ltd. underscore continued institutional interest — and exit — as the market digests the demerger and new listing. Shares of Raymond Realty and Raymond Ltd. were among the most active counters of the day, reflecting intense investor focus on the Raymond Group’s restructuring story.
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