Investment16 Jun 2026, 06:30 pm
Viji Finance Allots 8.85 Cr Warrants for ₹6.2 Cr Upfront
AI Summary
Viji Finance Ltd announced the allotment of 88.5 million share warrants convertible into equity shares on a preferential basis to non-promoters. This follows an EGM approval and in-principle consent from BSE, NSE, and CSE. The company has received an upfront subscription of ₹6.195 crore (25% of the total warrant consideration). The remaining 75% is payable within 18 months upon conversion. Three proposed investors, collectively intended to subscribe to 39 million warrants, did not participate, revising the total issue size to ₹24.78 crore from ₹35.70 crore.
Key Highlights
- Allotted 88.5 million warrants convertible to equity shares.
- Received ₹6.195 crore upfront, 25% of total consideration.
- Revised issue size to ₹24.78 crore due to investor non-participation.
- Warrants allotted to non-promoters on preferential basis.
- Conversion rights exercisable within 18 months.
Price Impact
More from VFL