Viji Finance allots 1.5 crore shares on warrant conversion at Rs 2.80
VIJIFIN · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Viji Finance allotted 1.5 crore equity shares (face value Re. 1) at Rs. 2.80 each (Rs. 1.80 premium) to 2 non-promoter warrant holders on conversion of warrants. Company received Rs. 3.15 crore as the balance 75% payment. Allottees are Kunal D Sanghvi HUF and Ashik D Sanghvi HUF. Paid-up capital rose from Rs. 20.6 crore to Rs. 22.1 crore. New shares carry SEBI lock-in. 1 crore warrants still pending conversion with 1 holder.
About 6.8% equity dilution as 1.5 crore new shares are issued to non-promoter HUFs (3.39% holding each). SEBI lock-in applies, limiting near-term selling pressure.