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Raymond Approves ₹214.71 Crore Fundraise, Minerva Ventures Fund To Receive 33.28 Lakh Warrants
Summary by The Mumbai Editorial Desk Free Press Journal
· September 8, 2026
· 1 min read
Photo: Free Press Journal · view original
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Summary created by The Mumbai Editorial Desk — automated, rule-governed Published by Free Press Journal Original story Read at the source Source published Sep 8, 2026 Indexed here Sep 8, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The face value of each equity share is Rs 10, and the issue price is Rs 645. Raymond Limited's board has approved a plan to raise funds through a preferential issue of convertible warrants.
Raymond Limited's board has approved a plan to raise funds through a preferential issue of convertible warrants. The company will issue warrants to Minerva Ventures Fund, with each warrant allowing the fund to subscribe to one equity share. The face value of each equity share is Rs 10, and the issue price is Rs 645.
The proposed fundraising is subject to approval from shareholders and regulatory authorities. Further details are available from the exchange filing.
The company plans to raise up to Rs 214.71 crore through this issue, with 33,28,686 warrants to be issued at Rs 645 each.
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Category: government Published: September 8, 2026 Source: Free Press Journal Reading time: 1 min
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What is this story about? Raymond Limited's board has approved a plan to raise funds through a preferential issue of convertible warrants. The company will issue warrants to Minerva Ventures Fund, with each warrant allowing…
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