Raymond Fund Raise of ₹214.7 Cr
Raymond Limited will raise ~₹214.71 Crore through a preferential allotment of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 per warrant.
- Value
- ₹214.7 Cr
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Raymond Limited will raise ~₹214.71 Crore through a preferential allotment of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 per warrant.
Raymond Ltd issued a corrigendum to its EGM notice for a Rs 330.88 crore preferential warrant issue to promoters. Proceeds will fund acquisitions and general corporate purposes.
Raymond Limited approved a ₹330.88 Crore preferential warrant issuance to promoter group entity JK Investors (Bombay) Limited. Warrants are convertible into equity shares within 18 months.