Raymond allots 66.57 lakh warrants to promoter group JK Investors at Rs 497 each
RAYMOND · price
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Raymond Limited's board, via circular resolution on July 9, 2026, approved allotment of 66,57,373 convertible warrants to JK Investors (Bombay) Limited, a promoter group entity, on a preferential basis. Each warrant is convertible into 1 equity share at Rs 497 (premium of Rs 487). JKIB paid 25% upfront (Rs 124.25 per warrant) and will pay balance 75% upon conversion. JKIB's stake will rise from 29.83% to 35.91% on fully diluted basis after conversion. No immediate change in paid-up capital until warrants are actually converted.
Strengthens promoter group's control; no immediate dilution but potential equity expansion later if warrants convert into shares.