Fundraise / allotmentFiled on BSE ·
Raymond Limited to raise up to ₹214.71 crore via preferential issue of warrants
Raymond · Industrial Manufacturing
What the filing says
- Issuance of 33,28,686 convertible warrants at ₹645 each (including ₹635 premium) to Minerva Ventures Fund
- Warrants convertible into equity shares within 18 months; unexercised warrants will lapse and amounts forfeited
- Post-issue, Minerva Ventures Fund to hold 4.35% equity on a fully diluted basis; approval subject to member and regulatory consent
Original filing
Announcement under Regulation 30 (LODR)-Preferential Issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Raymond
- Fundraise / allotmentRaymond Limited to issue 33,28,686 convertible warrants to Minerva Ventures Fund
Other fundraise / allotment filings this fortnight
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- Fundraise / allotmentBaazar StyleBaazar Style Retail Ltd allot 10 lakh equity shares on conversion of warrants
- Fundraise / allotmentWheels IndiaWheels India Limited completes Qualified Institutions Placement of 11.97 lakh shares
- Fundraise / allotmentWheels IndiaWheels India Limited completes QIP issue with allocation of 11,97,318 equity shares
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.