QIP/Rights/Pref.General Updates

Raymond Limited has announced a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 each, aiming to raise up to ~ ₹214.71 Cr.

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Raymond LimitedRAYMOND · Filed with the exchange

Warrants are convertible into equity within 18 months, boosting the investor's stake to 4.35% on a fully diluted basis.

Read the original filing(PDF)

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