Fundraise / allotmentFiled on BSE ·
Raymond Limited to issue 33,28,686 convertible warrants to Minerva Ventures Fund
Raymond · Industrial Manufacturing
What the filing says
- Preferential issue of 33,28,686 convertible warrants at ₹645 each, totaling ~₹214.71 crore
- Warrants convertible into equity shares within 18 months, unexercised warrants will lapse and amount forfeited
- Post-issue, Minerva Ventures Fund will hold 4.35% on a fully diluted basis; approval pending from members and authorities
Original filing
Board Meeting Outcome for Outcome Of Board Meeting - Preferential Issue
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Raymond
- Fundraise / allotmentRaymond Limited to raise up to ₹214.71 crore via preferential issue of warrants
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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.