Raymond Realty Allots 66.57 Lakh Warrants to JK Investors

Raymond Realty Limited has approved the allotment of 66,57,373 convertible warrants to J K Investors (Bombay) Limited on a private placement basis. Each warrant is convertible into one equity share at a price of ₹614/-. The allotment is made upon receipt of 25% of the issue price upfront, with the balance 75% due within 18 months. Post-allotment, J K Investors (Bombay) Limited's shareholding is expected to increase from 29.83% to 35.99% on a fully diluted basis, assuming full conversion of warrants and outstanding ESOPs. The company has completed all necessary approvals, including from the board and shareholders, and received in-principle approval from BSE and NSE.