Ashik D Sanghvi HUF lifts Viji Finance stake to 13.57% via warrant conversion
What's the deal? Ashik D Sanghvi HUF and its persons acting in concert acquired 1.5 crore equity shares of Viji Finance LtdDealroom has a profile for this one. Try Dealroom → on 12 August 2026 through the conversion of preferentially allotted warrants. The shares represent 6.79% of the company's paid-up equity capital, lifting the group's aggregate holding from 7.28% to 13.57% of diluted voting capital.
The numbers: Viji Finance's paid-up capital increased from ₹20.6 crore to ₹22.1 crore, comprising 22.1 crore shares of Re. 1 each. The warrant conversion involved no cash outflow for the purchase itself. The shares have been allotted but await crediting to demat accounts and exchange trading and listing approvals.
What it means: The group is not part of the promoter or promoter group, but its holding now crosses the 10% threshold relevant to shareholder influence. Ashik D Sanghvi HUF acted alongside Kunal D Sanghvi HUF, Dhirajlal V Sanghvi HUF and Sagar D Sanghvi HUF.
Read more: ScanX News
Image credit: Generated with Gemini
