Allotment of 66,57,373 convertible warrants to JK Investments
RAYMONDREL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Raymond Realty allotted 66,57,373 convertible warrants to J K Investors (Bombay) Ltd on a preferential basis. Each converts into one equity share at Rs 614, with a Rs 604 premium. The company received Rs 153.50 per warrant upfront, or 25 percent, and the balance is due within 18 months. J K Investors' stake would rise from 29.83 percent to 35.99 percent if the warrants and outstanding employee options convert.
Paid-up capital stays unchanged until conversion. Conversion would add equity shares and dilute existing shareholders' ownership.