Gautam Singhania On Deal With Godrej

Raymond Group announced the demerger of its lifestyle business to Raymond Consumer Care Limited (RCCL) to create a listed company. This comes along with RCCL selling its FMCG business to Godrej Consumer Product Ltd for a consideration of Rs 2,825 crore. This step will make Raymond Ltd primarily a real estate company with investments in engineering and denim business. CMD, Gautam Singhania mentions it as 'killing three birds with a stone' Watch as he explains more in this conversation with BTTV's Rachna Dhanrajani.