Raymond Realty to Raise ₹409 Cr Via Preferential Issue of Warrants
Raymond Realty will raise up to ₹409 Crores by issuing 66,57,373 warrants at ₹614 each to J K Investors (Bombay) Limited. The warrants are convertible into equity shares within 18 months. The company also increased its authorized share capital to ₹75 Crores.
The fund raise of ₹409 Crores is substantial and will impact the company's capital structure and potentially its growth initiatives. The increase in authorised share capital also signals future expansion plans.
The company is raising significant capital through a preferential issue, which is a positive development for its funding and growth prospects. The issuance is to a promoter group entity, indicating strong internal backing.
Raymond Realty Limited's Board of Directors has approved the raising of approximately ₹409 Crores through a preferential issue of 66,57,373 convertible warrants to J K Investors (Bombay) Limited, a promoter group entity. The issue price for each warrant is ₹614/-, including a premium of ₹604/-. This issuance is subject to shareholder and regulatory approvals.
Each warrant carries the right to subscribe to one fully paid-up equity share of face value ₹10/- at an issue price of ₹614/-. The warrants can be converted into equity shares within a maximum period of 18 months from the date of allotment. Any unconverted warrants will lapse after 18 months, with the upfront consideration forfeited.
Additionally, the Board approved an increase in the Company's authorised share capital from ₹70 Crores to ₹75 Crores, by creating an additional 50,00,000 equity shares of ₹10/- each, to accommodate this preferential issue.
The Board meeting commenced at 4:30 P.M. and concluded at 04:45 P.M. on September 11, 2026.
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Raymond Realty Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Raymond Realty Limited. Read the original for the full detail.