Viji Finance allots 3.04 crore shares on warrant conversion

Warrants ConvertedFund Raising View source PDF

VIJIFIN · price

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Price reaction · full curve 14 horizons · vs prior close

+10.1%1-day move

₹5.46

prior close

₹5.73

base price

In-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+10.1+15.6+21.2+27.3+29.7+34.8+57.1———

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AI summary

Viji Finance Preferential Allotment Committee approved conversion of 3,04,00,000 warrants into equity shares at Rs. 2.80 each (face value Re. 1, premium Rs. 1.80). 9 non-promoter allottees paid the balance 75% of about Rs. 6.38 crore. Paid-up capital rose from Rs. 14.25 crore to Rs. 17.29 crore. 5.81 crore warrants held by 10 other warrant holders remain pending conversion.

Likely market impact

Dilution of around 21% from this tranche, with more dilution possible as 5.81 crore warrants are still outstanding. New shares carry SEBI lock-in.