Corporate Action3 Jun 2026, 06:21 pm
Virinchi Ltd Allots 20 Lakh Shares on Warrant Conversion
AI Summary
Virinchi Ltd has allotted 20,00,000 equity shares of Rs. 10 each at an issue price of Rs. 25 per share, totaling Rs. 5 crore, upon conversion of warrants on a preferential basis. This allotment was made after receiving Rs. 3,75,00,000, representing 75% of the issue price. The conversion increases the company's issued and subscribed share capital to Rs. 1,12,55,73,720, comprising 11,25,57,372 equity shares. The allotment was made to several public shareholders, including Dwight Technologies Private Limited.
Key Highlights
- Allotted 20 lakh equity shares at Rs. 25 each upon warrant conversion.
- Received Rs. 3.75 crore as 75% application money for warrants.
- Issued share capital increased to Rs. 112.56 crore.
- Allotment made to public shareholders, including Dwight Technologies.
Price Impact
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