Announced Fri, 11 Sept · 17:59 IST
Raymond Realty raises ₹409 Cr via warrants to promoter group at premium
RAYMONDREL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹584.00
prior close
₹600.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9-0.8-1.5-1.9-3.6-0.0+0.4-0.1——————
Up moveDown movePending
AI summary
Board approved issuing 66,57,373 convertible warrants to J K Investors (Bombay) Ltd, a promoter group entity, at ₹614 per warrant (including ₹604 premium), aggregating up to about ₹409 Crores. Each warrant converts to 1 equity share within 18 months. Post-allotment, promoter group stake rises to about 36% on diluted basis. Authorised share capital also increased from ₹70 Cr to ₹75 Cr.
Likely market impact
Promoter group stake rises to about 36% on diluted basis. Issue at ₹604 premium signals promoter confidence. Minor dilution risk for shareholders.