BSE, NSE nod for 12.75 crore warrants on preferential basis

Warrants ConvertedFund Raising View source PDF Explain this filing

VIJIFIN · price

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Price reactionminutes from the announcement price · days from the prior close

+4.9%Reaction day

₹3.87

prior close

₹4.04

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+4.9% vs market

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+4.9-0.0+4.9

Next day

+2.3-2.0+4.3

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AI summary

Viji Finance received in-principle approval from BSE and NSE to issue 12.75 crore warrants convertible into equal number of equity shares of Re. 1 each. Price set at not less than Rs. 2.80 per warrant, including Rs. 1.80 premium. Warrants will be allotted to non-promoter persons on preferential basis.

Likely market impact

Potential dilution as 12.75 crore warrants can convert to equal number of equity shares, expanding total share count.