Virinchi Limited — Important, 05-08-2025: General Updates
05-08-2025 | 11:05 pm
05-08-2025 | 11:05 pm
Virinchi Limited has approved the preferential allotment of 34 lakh convertible equity warrants at ₹25 each to public investors. The company received ₹2.125 Cr upfront (25% of the issue price). Upon full conversion within 18 months, these warrants will inject an additional ₹6.375 Cr, totaling ₹8.5 Cr in fresh capital. This move will expand the company's share capital by approximately 3.3% and increase public shareholding. This capital infusion can support future growth initiatives and operations.
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