The boards of Raymond s various subsidiaries have approved a demerger of its engineering business to allow it to expand into sunrise sectors like aerospace, defense, and electric vehicle components. The merger will consolidate Raymond s engineering and MPPL businesses, aiming for profitable growth and segregation.
Raymond Engineering Demerger: Companies involved in formation of the scheme include JK Files & Engineering (JKFEL), JKFEL Tools And Technologies Limited (JKTTL), Ring Plus Aqua Limited (RPAL), Maini Precision Products Limited (MPPL), Ray Global Consumer Enterprise Limited (RGCEL) and other subsidiaries.