Raymond allots 6138085 Warrants

Raymond Ltd has announced that the Committee of Board of Directors of the Company at its meeting held on December 12, 2007, have allotted 61,38,085 (Sixty one lacs thirty eight thousand eighty five) Warrants at the price of Rs 34/- per warrant (being 10% of the issue price of Rs 340/- per equity share of Rs 10/- each) to J K Investors (Bombay) Ltd, the promoter of the Company.

The said warrants carry right, entitling its registered owner to apply for at its option, and seek allotment of one equity share upon surrendering / exchange of the said warrant to the Company, alongwith balance 90% of the issue price of Rs 340/- per equity share of Rs 10/- each.

Against each of the said warrant, the registered owner of the warrants shall be entitled to apply for and seek allotment of one equity share of Rs 10/- each in the manner aforesaid, within the period of 18 months from the date of issue of the said warrants.

Source : Equity Bulls

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