Warrants converted into 1.45 crore equity shares at Rs 2.80 each

Warrants ConvertedFund Raising View source PDF

VIJIFIN · price

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Price reaction · full curve 14 horizons · vs prior close

+3.9%1-day move

₹9.27

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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Up moveDown movePending

AI summary

Viji Finance allotted 1,45,00,000 equity shares on conversion of warrants to 4 non-promoter holders at Rs 2.80 per share, including Rs 1.80 premium. The company received Rs 3.04 crore as the balance 75 percent payment. Paid-up capital rose from Rs 19.15 crore to Rs 20.60 crore. About 2.5 crore warrants held by 3 other investors are still pending conversion.

Likely market impact

Share count rises about 7 percent on warrant conversion, leading to equity dilution for existing shareholders.