Significant movement in price has been observed in Viji Finance Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Viji Finance Limited has submitted their response.
VIJIFIN · price
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Awaiting price reaction for this filing.
NSE noticed unusual price movement in Viji Finance shares and sought clarification from the company. The company responded that there is no material event or development that would explain the price change, attributing it to market conditions and sentiment. However, the company disclosed it is in the process of facilitating the listing of promoter-held equity shares on the SDAX Exchange in Singapore. The required Information Memorandum is under preparation and expected to be filed with SDAX within the next few days.
The Singapore listing of promoter-held shares is a notable corporate development that could affect future supply of shares and shareholder dynamics. The denial of any material trigger for the price spike may not fully reassure investors, and the stock could remain volatile pending the SDAX filing and any further NSE follow-up.