
Corporate Action8 Jun 2026, 04:51 pm
Viji Finance Approves Preferential Allotment of Warrants
AI Summary
Viji Finance Ltd's Preferential Allotment Committee has approved the issuance of 12,75,00,000 warrants convertible into equity shares. Each warrant is priced at Rs. 2.80, including a premium of Rs. 1.80. This private placement is to non-promoters for cash, in line with a prior special resolution and approvals from BSE and NSE. The company will issue a Private Placement Offer-cum-Application Letter (Form PAS-4) and an Application Form to the allottees. This move is in accordance with the Companies Act, 2013, and SEBI regulations.
Key Highlights
- 12.75 crore warrants to be issued on preferential basis.
- Warrants convertible into equity shares at Rs. 2.80 each.
- Private placement to non-promoters for cash.
- Approvals received from BSE and NSE.
- In compliance with Companies Act and SEBI regulations.
Price Impact
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