Raymond Approves ₹214.71 Crore Preferential Warrant Issue For Minerva Ventures Fund

Raymond approved a preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 each, potentially raising ₹214.71 crore. Full conversion would give the investor a 4.35% fully diluted stake; shareholder and regulatory approvals are required, with conversion permitted within 18 months.