Veefin Solutions allots shares worth ₹84m from warrant conversion

Veefin Solutions Limited allotted 420,000 equity shares at ₹267.50 each, generating ₹84.3 million from the conversion of warrants originally issued in March 2024.

The shares were allocated to Gautam Udani (44,800 shares for ₹9 million) and Raja Debnath (375,200 shares for ₹75.3 million). The company received 75% of the balance consideration upon conversion.