
Corporate Action24 Jul 2026, 05:00 pm
Viji Finance Allots 1.45 Cr Shares on Warrant Conversion
AI Summary
Viji Finance Ltd announced the outcome of its Preferential Allotment Committee meeting held on July 24, 2026. The committee approved the allotment of 1,45,00,000 equity shares of face value Re. 1/- each at an issue price of Rs. 2.80 per share. These shares were issued upon conversion of warrants by 4 non-promoter warrant holders, following the receipt of the balance 75% of the issue price, amounting to Rs. 3,04,50,000/-. This allotment is part of a larger warrant issuance program where 8,85,00,000 warrants were initially allotted on a preferential basis. The meeting commenced at 03.45 P.M. and concluded at 04.15 P.M. The company will also make this information available on its website.
Key Highlights
- Viji Finance approved allotment of 1.45 crore equity shares.
- Shares issued upon conversion of warrants at Rs. 2.80 each.
- Total funds received for this conversion: Rs. 3.045 crore.
- Allotment made to 4 non-promoter warrant holders.
- Remaining warrants continue to be outstanding.
Price Impact
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