Viji Finance Approves Preferential Allotment of Warrants in Private Placement Offer
The Board of Directors of Viji Finance Limited, during a meeting held on Monday, June 08, 2026, approved key aspects of its upcoming private placement offer through preferential allotment. The company decided to issue 12,75,00,000 Warrants convertible into equity shares in connection with the offering.The approval covers the Private Placement Offer-cum-Application Letter (Form PAS-4) and Application Form intended for proposed allottees who are non-promoters or other persons. This issuance is set to raise cash through preferential allotment.
Key details regarding the Warrants and equity shares conversion were approved by the committee:
| Detail | Value |
|---|---|
| Total Number of Warrants Issued | 12,75,00,000 |
| Equity Share Price (upon conversion) | Re. 1/- per share |
| Warrant Issue Price | Rs. 2.80/- per warrant |
| Premium on Warrant | Rs. 1.80/- per warrant |
The preferential allotment follows a special resolution passed by the members of Viji Finance Limited at their Extra-Ordinary General Meeting (EGM) held on April 23, 2026. The company has received in principle approvals for the issuance from both BSE and NSE.
The Preferential Allotment Committee meeting commenced at 03:15 P.M. and concluded at 04:00 P.M., solidifying the plan for the capital raising initiative, which is aimed at non-promoters or other persons.
VIJIFIN Stock Price Movement
Viji Finance Limited saw its shares slip by 1.49% today as it closed at ₹3.99. The stock concluded trading with a total volume of 175,431 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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