Warrants converted into 1.45 crore equity shares at Rs 2.80 each
VIJIFIN · price
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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.
Share count rises about 7 percent on warrant conversion, leading to equity dilution for existing shareholders.