Corporate Action21 Jul 2026, 02:57 pm
Virtuoso Optoelectronics Completes Warrant Conversion
AI Summary
Virtuoso Optoelectronics Ltd has completed the conversion of all outstanding warrants into equity shares. The company allotted 7,32,600 equity shares to Malabar India Fund Ltd at an issue price of ₹455 per share, upon receipt of ₹24,99,99,750. This conversion increases the company's issued, subscribed, and paid-up capital. Following this allotment, Malabar India Fund Ltd's shareholding in Virtuoso Optoelectronics has increased to 9.98%. No warrants remain pending for conversion.
Key Highlights
- All 30,76,923 warrants converted into equity shares.
- Malabar India Fund Ltd's stake rises to 9.98% post-conversion.
- Company's issued capital increases to ₹32,56,56,790.
- Equity shares rank pari passu with existing shares.
Price Impact
More from VOEPL