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Raymond: Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 ('Listing Regulations')

This is to inform that Ten X Realty Limited the step-down wholly owned subsidiary of the Company has today signed a binding term sheet for joint redevelopment of residential project in the western sub-urban district of Mumbai. The project is estimated to have in aggregate revenue potential of around Rs.2 000 crore* over a period of next 5 years. This is in line with the Companys growth plan to expand its Realty horizons beyond Thane.This is for the information and dissemination to all concerned.

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