India Digest: Raymond demerges lifestyle biz; Manthan in M&A; K Raheja Corp, Blackstone to raise $500m

Raymond Ltd Thursday announced that it has demerged its lifestyle business into a separate entity while Temasek-backed Manthan Software Services Pvt. Ltd is acquiring San Francisco-based RichRelevance. In another development, K Raheja Corp and Blackstone together plan to raise about $500 million via REIT IPO.