Niyogin Fintech Raises ₹562 Million Via Warrant Conversion

Niyogin Fintech Limited has effectively raised ₹562 million from the conversion of 6,57,600 warrants into an equivalent number of equity shares. This conversion was authorized by the board of directors through a resolution passed by circulation. This action takes Niyogin's paid-up equity share capital to ₹95,14,15,150, which comprises 9,51,41,515 fully paid-up equity shares of ₹10 each. The warrant conversion at a price of ₹45.62 per share accords with Niyogin's strategic plans for growth, including its recent approval of a composite scheme of demerging its NBFC business and amalgamating with iServeU. This capital addition is likely to enable Niyogin's growth in the fintech and NBFC industries.

 

Source: BSE Filing