Virinchi Limited Allots 20 Lakh Equity Shares Following Warrant Conversion
Virinchi Limited announced the allotment of 20,00,000 equity shares following the conversion of warrants issued on a preferential basis. The shares were allotted at an issue price of Rs. 25/- per share, carrying a premium of Rs. 15/-, against a face value of Rs. 10/- each.The allotment was made after Virinchi Limited received application money amounting to Rs. 3,75,00,000/- (representing 75% of the issue price). The shares were allotted to various shareholders in the public category.
The details of the share allocation are as follows:
| S.No | Name of Shareholder | Category | No. of Equity Shares |
|---|---|---|---|
| 1 | G V Priya Rajender | Public | 2,00,000 |
| 2 | Revathi Kathavarayan | Public | 1,50,000 |
| 3 | D. Manohar | Public | 1,50,000 |
| 4 | Dwight Technologies Private Limited | Public | 5,00,000 |
| 5 | M. Vijaya Lakshmi | Public | 1,50,000 |
| 6 | MSLS Prasad | Public | 1,50,000 |
| 7 | Thuniki Radha Krishna | Public | 2,00,000 |
| 8 | M. Sita Ramam | Public | 2,50,000 |
| 9 | M. Venkata Ramana Rao | Public | 2,50,000 |
| Total | 20,00,000 |
Following the allotment and subscription of these shares, Virinchi Limited’s Issued and Subscribed Share Capital increased significantly. The company's capital now stands at Rs. 1,12,55,73,720/- (Rupees one hundred twelve crore fifty five lakh seventy three thousand seven hundred twenty only), divided into 11,25,57,372 Equity Shares of Rs. 10/- each.
VIRINCHI Stock Price Movement
Virinchi Limited shares slipped today, shedding 0.76% to settle at ₹15.72 in the post-market session. The stock traded within an intraday range of ₹15.47 to ₹16.30, with 118,654 shares recorded in total traded volume.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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