Announced Fri, 10 Apr · 17:43 IST
Allotment of 8,50,000 equity shares on conversion of warrants to promoter group
VIRINCHI · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹18.97
prior close
₹18.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+1.0+2.3+2.0-0.3+2.2-1.1-3.0-4.6-4.7-7.8-8.0-16.8-15.7
Up moveDown movePending
AI summary
Virinchi Limited allotted 8,50,000 equity shares of Rs.10 each at Rs.28 per share (including Rs.18 premium) to Vivo Bio Tech Limited, a Promoter Group entity, on conversion of warrants issued on a preferential basis. The company received Rs.1.78 crore as 75% application money. Post-allotment, paid-up share capital rises to Rs.109.65 crore comprising 10.96 crore equity shares, representing a marginal dilution of about 0.77%.
Likely market impact
Minor equity dilution from warrant conversion by a promoter group entity, signalling promoter commitment to the company.