Allotment of 14500000 securities pursuant to Preferential Issue at its meeting held on July 24, 2026
As filed · Viji Finance Limited has informed the Exchange regarding allotment of 14500000 securities pursuant to Preferential Issue at its meeting held on July 24, 2026
What happened
FactViji Finance Limited has completed a preferential allotment of 3,04,00,000 equity shares at an issue price of Rs. 2.80 per share to nine warrant holders from the non-promoter category, following the exercise of their conversion rights. This allotment was made after the receipt of the remaining 75% of the issue price, totaling Rs. 6,38,40,000. The shares were allotted in accordance with the terms set during a previous meeting of the Preferential Allotment Committee.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
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Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
Evidence
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%