Announced Tue, 16 Jun · 18:41 IST
Viji Finance allots 8.85 cr convertible warrants to non-promoters at Rs 2.80
Fund Raising View source PDF
VIJIFIN · price
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Price reaction · full curve 14 horizons · vs prior close
+8.9%1-day move
₹3.95
prior close
₹3.98
base price
After-mkt
timing
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AI summary
Viji Finance has allotted 8,85,00,000 convertible share warrants to 19 non-promoter allottees at Rs 2.80 per warrant, aggregating Rs 24.78 crores. The company received 25% upfront (Rs 6.195 crores), with the balance due within 18 months on conversion. Issue size was reduced from Rs 35.7 crores to Rs 24.78 crores after 3 proposed investors backed out. Allottees include HUFs and individuals; warrants carry SEBI lock-in.
Likely market impact
Issue downsized as 3 investors pulled out. Potential dilution exists if warrants convert to equity within 18 months.