Raymond Ltd Allots 66 Lakh Warrants to JK Investors in Private Placement Deal
Raymond Ltd announced the allotment of 66,57,373 convertible warrants (Warrants) to JK Investors (Bombay) Limited (JKIB). The allotment was approved by the company's Board of Directors via resolution passed through circulation on July 9, 2026, as part of a private placement initiative.The Warrants issued under this arrangement are set to be converted into equity shares at a defined price, allowing JKIB to increase its stake in the company.
Key terms governing the allotment were disclosed:
- Conversion Terms: Each Warrant is convertible into or exchangeable for one fully paid-up equity share of Raymond Ltd.
- Conversion Price: The predetermined conversion price stands at ₹497/- per share.
- Premium: This includes a premium of ₹487/- per warrant.
- Subscription: The allotment was made upon receipt of the upfront subscription amount totaling ₹124.25 per Warrant, which represents 25% of the total issue price.
The Warrants are convertible into an equal number of equity shares provided that JKIB receives the remaining 75% consideration within the stipulated timeframe.
Shareholding Impact
The allotment affects the shareholding composition of JK Investors (Bombay) Limited as follows, demonstrating a significant increase in their stake following the private placement:| Name of the Allottee | Pre-Preferential Issue (Number of Shares) | Pre-Preferential Issue (%) | Post-Preferential Issue* (Number of Shares) | Post-Preferential Issue* (%) |
|---|---|---|---|---|
| JK Investors (Bombay) Limited | 1,98,61,793 | 29.83% | 2,65,19,166 | 35.91% |
The company stated that the allotment of these share warrants will have no impact on the total paid-up share capital until the Warrants are actually converted into equity shares.
RAYMOND Stock Price Movement
Raymond Limited's equity rallied today, settling at ₹620.55 after the stock gained 4.78% in post-market trading. The shares traded within a range defined by the day's low of ₹595 and recorded an intraday volume of 1.37 million 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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