Raymond Limited Approves Issuance of Warrants, Raising Up to Rs. 330.88 Crore
Raymond Limited announced that its Board of Directors, at a meeting held on May 25, 2026, approved a plan to raise funds through the issuance of warrants. The capital infusion will be executed via a preferential issue on a private placement basis.The company has approved raising funds by issuing up to 66,57,373 warrants to JK Investors (Bombay) Limited, which is noted as a member of the Promoter Group.
The details of the issuance structure are as follows:
| Parameter | Detail |
|---|---|
| Total Warrants Issued | Up to 66,57,373 |
| Issue Price per Warrant | Rs. 497 |
| Premium per Warrant | Rs. 487 |
| Aggregate Consideration | Up to Rs. 330.88 Crore |
| Allottee | JK Investors (Bombay) Limited (Promoter Group) |
| Share Face Value | Rs. 10 per equity share |
Each warrant carries a right, exercisable by the Warrant Allottee, to subscribe to one equity share of the company for cash consideration at a price of Rs. 497 per Warrant.
Warrants and Conversion Terms
The issued warrants are convertible into fully paid-up equity shares of Raymond Limited. The conversion can occur in one or more tranches at any time on or before the expiry of 18 months from the date of allotment. Should the Warrant Allottee fail to exercise the warrants within this period, the unconverted warrants shall lapse, and the amount paid against such warrants shall be forfeited.Post-Allotment Details
According to the company’s records, the outcome of the subscription following the allotment resulted in the following post-preferential shareholding:| Parameter | Pre-preferential Issue | Post-preferential Issue* |
|---|---|---|
| Name of Allottee | JK Investors (Bombay) | JK Investors (Bombay) |
| Number of Shares | 1,98,61,793 | 2,65,19,166 |
| Percentage Holding | 29.83% | 36.21% |
*Note: The post-preferential shareholding is based on a fully diluted assumption, assuming full conversion.
RAYMOND Stock Price Movement
Today, Raymond Limited shares edged higher, gaining 0.93% to settle at ₹558.9 after closing trades. The equity saw robust activity, registering a total traded volume of 858,125 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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