Raymond Ltd Allots 66.57 Lakh Warrants to JK Investors

Raymond Ltd has approved the allotment of 66,57,373 convertible warrants to JK Investors (Bombay) Limited on a private placement basis. Each warrant is convertible into one equity share at ₹497, with an upfront payment of 25% of the issue price received. The allotment increases JK Investors' post-issue shareholding to 35.91% on a fully diluted basis. The paid-up share capital remains unchanged until warrant conversion.