VIP Clothing Allots 84.75 Lakh Warrants At Rs22.50 For Rs9.50 Crore

Allotted 84.75 lakh convertible warrants at Rs22.50 convertible into equity within 18 months, collecting Rs9.5 crore upfront with promoters paying 50%. Context: partial take-up of approved round concentrated with promoters to fund working-capital and premiumisation push.