Raymond Ltd Calls EGM for ₹214.7 Cr Preferential Issue

Raymond Ltd has announced an Extraordinary General Meeting (EGM) scheduled for October 3, 2026, to approve a preferential issue of up to 33,28,686 warrants. These warrants are convertible into equity shares at a price of ₹645 each, aggregating up to ₹214.70 crore. The issue is proposed to be made to Minerva Ventures Fund, a Category-I Foreign Portfolio Investor, on a private placement basis. The funds raised will be utilized as per the terms outlined in the EGM notice.