Viji Finance Fund Raise of ₹24.78 Cr
Viji Finance allotted 8.85 crore convertible warrants at Rs. 2.80 each, raising Rs. 24.78 Crore. The funds will strengthen the company's capital base, with conversion due within 18 months.
- Value
- ₹24.78 Cr
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Viji Finance allotted 8.85 crore convertible warrants at Rs. 2.80 each, raising Rs. 24.78 Crore. The funds will strengthen the company's capital base, with conversion due within 18 months.
Viji Finance received in-principle stock exchange approval for a ₹35.70 Crore preferential warrant issuance. This capital raise through non-promoter participation supports company growth and liquidity.
Viji Finance issued a corrigendum to the valuation report for its 12,75,00,000 warrant preferential issue. The update rectifies observations from the National Stock Exchange.
Viji Finance Limited has approved the preferential issuance of 12.75 crore convertible warrants to 22 non-promoter investors at ₹2.80 per warrant. The capital raise totals ₹35.70 Crore. Warrants are convertible into equity shares within 18 months, with 25% of consideration payable upfront to strengthen the company's financial position.