Corporate Action15 May 2026, 01:45 pm
Virinchi Ltd Allots 9,10,476 Equity Shares on Warrant Conversion
AI Summary
Virinchi Ltd has allotted 9,10,476 equity shares of ₹10 each at an issue price of ₹28 (including a premium of ₹18) upon conversion of warrants issued on a preferential basis. This allotment was made to IT Peer Technologies LLC against the receipt of ₹1,91,19,996, representing 75% of the issue price. Following this allotment, the company's issued and subscribed share capital has increased to ₹1,10,55,73,720, divided into 11,05,57,372 equity shares of ₹10 each.
Key Highlights
- Virinchi Ltd allotted 9,10,476 equity shares on warrant conversion.
- Issue price was ₹28 per share, including a premium of ₹18.
- IT Peer Technologies LLC received the allotment.
- Company received ₹1,91,19,996 as 75% of the issue price.
- Share capital increased to ₹1,10,55,73,720 post-allotment.
Price Impact
More from VIRINCHI