Raymond Realty: BSE/NSE nod for preferential issue of warrants

Raymond Realty Ltd has received in-principle approval from BSE and NSE for a preferential issue of 66,57,373 convertible warrants on a private placement basis. This follows earlier approvals from the board and shareholders, and clarifications sought by NSE. The issue involves warrants convertible into equity shares at a price not less than ₹614/-. The exchanges have advised the company to strengthen internal controls and obtain undertakings from allottees to prevent intra-day trading until the allotment date.