50% of the sale proceeds will stay in Raymond Consumer Care: Gautam Hari Singhania, Raymond

So, you are putting it back into the lifestyle and the real estate business.
Gautam Hari Singhania: Absolutely and which is a very strong statement to show my commitment and belief in what the company will do.

Can you give me a sense of the breakup about how much is going into lifestyle, into real estate?
Amit Agarwal: Actually, you have to understand the Rs 1400 crore is a sum of two promoter contributions into the business. The first one of Rs 350 crore was done in 2019 when the land of the promoter sold. The second is this which is thousand plus crores which is the promoter share on the sale of FMCG which again goes back into the lifestyle business, so to that extent this is Rs 1400 crores. So, you cannot define whether this is a business, the Rs 350 crore what we have put in 2019 was relating to lifestyle or for the realty business. It was Raymond Limited.

And you also spoke about the 100% promoter contribution, I mean can you give an idea about that?
Amit Agarwal: 100% promoter contribution means whatever share of the promoter on the same proceeds, 100% of that proceeds has gone into the business. It is not 100% the value because the promoter held only 49%, so whatever the value coming out of the 49% has been put into the lifestyle business in RCCL.