Virtual Galaxy Infotech Limited allotted convertible warrants to seven investors at an issue price of ₹159, totaling ₹395.41 Crore. Each warrant is convertible into one equity share within 18 months. This preferential issuance strengthens the company's capital base for future growth.
Virtual Galaxy Infotech Limited allotted 12,43,432 convertible equity warrants at ₹159 each, aggregating to ₹19.77 Crore, on a preferential basis to promoter group entities. Holders paid 25% upfront, with the 75% balance due within 18 months upon conversion into equity shares.
Virtual Galaxy Infotech Limited received in-principle approval from NSE for a Rs. 19.77 Crore preferential issue. The company plans to issue 12,43,432 warrants at Rs. 159 per share to the Promoter and Promoter Group, convertible into equity shares.
Virtual Galaxy Infotech Limited received NSE in-principle approval to issue 12,43,432 convertible warrants at Rs. 159 per share, totaling ₹19.77 Crore. The warrants will be allotted on a preferential basis to the Promoter and Promoter Group.
