Virinchi Limited has announced the allotment of 20,70,000 equity shares, each with a face value of ₹10, at an issue price of ₹28 per share. This allotment is on account of the conversion of warrants that were previously issued on a preferential basis. The company received an application money of ₹4,34,70,000, which represents 75% of the issue price for these warrants. The shares have been allotted to Vivo Bio Tech Limited, which falls under the Promoter Group category. Following this allotment, the issued and subscribed share capital of Virinchi Limited has increased to ₹107,48,11,810, comprising 10,74,81,181 equity shares of ₹10 each.
