News Announcement

Raymond: Announcement under Regulation 30 (LODR)-Allotment

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time we hereby inform that the Committee of Directors (Stakeholders Relationship Committee) of the Company at its Meeting held today i.e. December 12 2019 has allotted 33 38 278 Equity Shares at a price of Rs.674 per Equity Share aggregating to approximately Rs.225 Crore and 18 54 599 0.01% Compulsorily Convertible Preference Shares each carrying a right to convert to one Equity Share per Preference Share at a price of Rs.674 per Preference Share aggregating to approximately Rs.125 Crore on preferential basis to J. K. Investo Trade (India) Limited.

Pursuant to allotment of aforesaid Equity Shares and Preference Shares the paid up capital of the Company stands increased from Rs.6 13 808 540 to Rs.6 65 737 310.

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