Niyogin Fintech Limited raises Rs. 56.2 crores through successful conversion of warrants

Niyogin Fintech Limited is pleased to announce the successful conversion of its warrants, raising Rs. 56.2 crores. Following the approval of the Board of Directors 1,64,40,011 equity shares were allotted post-conversion. The warrants were converted at a price of Rs. 45.62 per share.

The warrant holders contributed approximately Rs. 19.2 crores at the time of subscription and Rs. 56.2 crores were raised by exercising the warrants. The warrant conversion saw participation from marquee investors such as MK Ventures, Aionios Alpha Investment Management and Ashika Group. Additionally, the Promoter Group reaffirmed their commitment to the firm by exercising the warrants subscribed by Mr. Amit Rajpal, NonExecutive Chairman and Co-founder of Niyogin Fintech Ltd.

On this milestone, Mr. Tashwinder Singh, Managing Director and CEO of Niyogin Fintech Ltd, commented: "We are deeply grateful to our investors for their trust in Niyogin and their continued support through the successful warrant subscription. In today's challenging market environment, this strong response underscores confidence in our growth strategy and future potential. The proceeds from this subscription will be utilized to scale our lending book and further strengthen our balance sheet. We remain committed to executing our FY26 and FY27 guidance."

Shares of Niyogin Fintech Ltd was last trading in BSE at Rs. 47.13 as compared to the previous close of Rs. 46.63. The total number of shares traded during the day was 66261 in over 186 trades.

The stock hit an intraday high of Rs. 48.40 and intraday low of 47.00. The net turnover during the day was Rs. 3152015.00.

Source : Equity Bulls

Keywords

NiyoginFintech INE480D01010 FundRaising WarrantsConversion