Vishal Fabrics allots equity shares on conversion of warrants
Vishal Fabrics Ltd, a major denim manufacturer, converted 2.25 crore warrants into equity shares. This generated ₹51.63 crore from non-promoter investors, increasing the company's paid-up capital to ₹123.80 crore. Notable investors include VIKASA INDIA EIF I FUND and Eminence Global Fund. The new shares hold equal rank with existing ones.