Viji Finance allots 1.86 crore shares on warrant conversion

Warrants ConvertedFund Raising View source PDF

VIJIFIN · price

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+3.9%1-day move

₹7.65

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AI summary

Viji Finance allotted 1.86 crore equity shares at Rs 2.80 each (face value Re 1, premium Rs 1.80) to 3 non-promoter warrant holders upon conversion of warrants. The company received Rs 3.91 crore as balance 75 percent payment. Allottees: Ashokkumar Shantilal Jain (36 lakh shares), Dhirajlal V Sanghvi HUF (75 lakh), Sagar D Sanghvi HUF (75 lakh). Paid-up capital rose from Rs 17.29 crore to Rs 19.15 crore. 3.95 crore warrants remain outstanding with 7 holders.

Likely market impact

1.86 cr new shares allotted to non-promoters, raising paid-up capital to Rs 19.15 cr. 3.95 cr more warrants pending, may add further dilution.