Virinchi Ltd Allots 1,50,000 Equity Shares Following Warrant Conversion
Virinchi Ltd has completed the allotment of 1,50,000 equity shares subsequent to the conversion of warrants that were previously issued on a preferential basis. The company received application money totaling Rs. 28,12,500/- for these shares.The equity shares were allotted at an issue price of Rs. 25/- each, which represented a premium of Rs. 15/- over the face value of Rs. 10/- per share. The allotment included the following shareholder:
| S.No | Name of Shareholder | Category | No. of Equity Shares |
|---|---|---|---|
| 1 | Kruti Bodgal | Public | 1,50,000 |
| Total | 1,50,000 |
Following the completion of this allotment, the issued and subscribed Share Capital of Virinchi Ltd has increased. The company now possesses a total share capital amounting to Rs. 1,12,70,73,720/, which is divided into 11,27,07,372 Equity Shares of Rs. 10/- each.
VIRINCHI Stock Price Movement
Today, shares of Virinchi Limited edged higher to settle at ₹15.23 after closing in post-market trading, completing the session with a 0.2% gain. The equity saw a volume of 87,879 shares transacting during the activity period today.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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