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Raymond Limited’s board approved a Rs 214.71 crore convertible warrant issuance to Minerva Ventures Fund
08-Sep-2026, 05:21
Raymond Limited announced that its board approved a fundraise of up to Rs 214.71 crore through the issuance of 33,28,686 convertible warrants to Minerva Ventures Fund at an issue price of Rs 645 per warrant, including a premium of Rs 635 per warrant. The warrants, issued on a private placement basis, will be convertible into one equity share with a face value of Rs 10 each, and the conversion period will not exceed 18 months.