Virinchi Allots 8.5 Lakh Shares to Promoter Group

Virinchi Ltd has allotted 8,50,000 equity shares of ₹10 each at an issue price of ₹28 per share, including a ₹18 premium. These shares were issued to Vivo Bio Tech Limited, a promoter group entity, upon conversion of warrants on a preferential basis. The company received ₹1,78,50,000, representing 75% of the issue price, as application money. This allotment increases Virinchi's issued and subscribed share capital to ₹1,09,64,68,960, divided into 10,96,46,896 equity shares of ₹10 each. The move strengthens the promoter's holding and injects capital.