VL E-Governance & IT Solutions Limited — QIP/Rights/Pref., 16-01-2025: Allotment of Securities

VL E-Governance & IT Solutions Limited has announced a board meeting outcome including the allotment of 53,465,600 Convertible Warrants at an issue price of ₹75 each, totaling approximately ₹400.99 crore on a preferential basis, intended to raise capital. Additionally, 2,500,000 equity shares were allotted following the conversion of some of these warrants, priced at ₹75 each (including a premium of ₹65). The company will use these funds for strategic growth initiatives. Post-allotment, the total paid-up equity share capital increases to ₹1,084.51 crore, with significant changes in the shareholding structure.