Raama Finance Allots 97 Lakh Shares And Rs 4.61 Crore NCDs

Allotted 4,610 Series A secured NCDs worth Rs4.61 crore at 20% p.a. for 18 months and 97 lakh equity shares on warrant conversion at Rs4.80, raising Rs3.49 crore. MD Rajesh Singh Kaira stepped down to non-executive director. Context: first warrant conversion and NCD drawdown since March funding reset.