Investment21 May 2026, 07:41 pm
Fundviser Capital: ₹18.24 Cr Raised via Convertible Warrants
AI Summary
Fundviser Capital (India) Ltd allotted 19,85,000 Equity Shares on conversion of Convertible Warrants, raising ₹18,23,71,875. The funds were raised through preferential allotment to promoter and non-promoter warrant holders. Out of 64,85,000 warrants, 45,00,000 remain outstanding. There was a deviation of ₹86.95 Lakhs in fund utilization, used for investments and working capital to support future growth. The Audit Committee reviewed and noted the deviation, expecting adjustment upon receipt of full funds.
Key Highlights
- Fundviser Capital allotted 19,85,000 equity shares via warrant conversion.
- ₹18.24 Cr raised through preferential allotment of convertible warrants.
- ₹86.95 Lakhs deviation in fund utilization for investments and working capital.
- Audit Committee reviewed the deviation, expecting adjustment later.
- Total ₹38.10 Cr raised from warrants issue and conversion.
Price Impact
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