Vipul Ltd Okays Nearly ₹100 Crore Convertible Warrants to Fuel Growth

Real estate developer Vipul Ltd has approved issuing convertible warrants aggregating to ₹998.2 million, signalling an aggressive capital-raising step to back its project pipeline and balance sheet requirements. The warrants will be convertible into equity shares at a later date at a pre-set price, giving the company flexibility on timing while ensuring visibility of funds.

Key highlights

Issue size: Convertible warrants worth ₹998.2 million cleared for issuance on a structured basis.

Instrument mechanics: These warrants can be converted into equity shares in future, typically after part upfront payment and subject to regulatory and shareholder approvals.

Intended use: Proceeds are expected to be channelled towards project funding, working capital, and possible debt reduction, supporting ongoing and upcoming developments.

Capital impact: On full conversion, the move will strengthen net worth and funding capacity, though it will also dilute existing shareholding to some extent.

Sources: Vipul Ltd filings