Virinchi Limited has informed the Exchange regarding allotment of 910476 securities pursuant to Preferential Issue at its meeting held on May 15, 2026
VIRINCHI · price
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Virinchi Limited has allotted 910,476 equity shares of Rs.10 each at an issue price of Rs.28 per share (including Rs.18 premium) to IT Peer Technologies LLC. This allotment is pursuant to the conversion of warrants issued on preferential basis. The company received application money of Rs.1,91,19,996, which represents 75% of the issue price. The remaining 25% would be payable on final conversion. Following this allotment, the company's issued and subscribed share capital has increased to Rs.1,10,55,73,720 divided into 11,05,57,372 equity shares of Rs.10 each.
This dilution of equity through warrant conversion increases the share count by approximately 0.82%. Existing shareholders will see their percentage ownership reduced as new shares are issued to IT Peer Technologies LLC.