Veefin Solutions to raise capital via warrants and equity shares

Veefin Solutions Limited's board of directors approved an increase in the company's authorized share capital from INR 25,00,00,000 to INR 30,00,00,000. This expansion, creating an additional 50,00,000 equity shares of INR 10 each, is subject to shareholder approval.

The company also announced the preferential issuance of 12,99,857 equity shares at INR 390 each, totaling INR 50,69,44,230, to non-promoter investors. Additionally, up to 11,12,820 convertible warrants, each convertible into one equity share at INR 390, aggregating to INR 43,39,99,800, will be issued to promoters and non-promoter shareholders.

Notable warrant allottees include Raja Debnath (promoter, 3,58,974 warrants) and Gautam Udani (promoter, 1,53,846 warrants). Key equity share allottees include SR Global Fund L.P. (non-promoter, 1,50,000 shares) and Piyush Prafulchandra Avlani (non-promoter, 1,53,846 shares).