Virinchi has allotted 3,50,000 equity shares of Rs.10/- each at an issue price of Rs.40/-(premium of Rs.30/- each) on conversion of warrants issued on preferential basis to the following promoter group on receipt of the balance application money of Rs.1,05,00,000 /- (being the 75% of the issue price). Post the aforesaid allotment, the paid up capital
of the Company has increased to Rs.37,34,35,670.
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