Virinchi Limited Allots 8,50,000 Equity Shares Following Warrant Conversion
Virinchi Limited has allotted 8,50,000 equity shares of Rs.10/- each to Vivo Bio Tech Limited. This allotment occurred on the conversion of warrants that were originally issued on a preferential basis.The allotment was processed upon the receipt of application money amounting to Rs. 1,78,50,000/-. The allotment price was set at Rs.28/- per share, reflecting a premium of Rs.18/- per share.
The details of the allotment are as follows:
| S.No | Name of Shareholder | Category | No. of Equity Shares |
|---|---|---|---|
| 1 | Vivo Bio Tech Limited | Promoter Group | 8,50,000 |
| Total | Total | Total | 8,50,000 |
Following this transaction, the company's issued and subscribed share capital has increased to Rs. 1,09,64,68,960/-. This total is now divided into 10,96,46,896 Equity Shares of Rs.10/- each.
VIRINCHI Stock Price Movement
Today, Virinchi Limited shares edged higher to close at ₹18.86, posting a notable 6.51% gain for the session. The stock settled amid robust trading activity, recording a total volume of 168,630 shares.Source:
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