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

Board approved preferential issue of 33,28,686 convertible warrants to Minerva Ventures Fund at ₹645 each, raising up to ₹214.71Cr; conversion may create a 4.35% stake. This is a new equity-funded step in Raymond’s aerospace and auto growth strategy, extending the recent warrant-led funding approach and breaking its no-dilution pattern. Warrants convert into one share each within 18 months, subject to approvals; use of funds, conversion timing and any strategic deployment were not disclosed.