VVIP Infratech Approves Rs 98.7 Crore Preferential Warrants At Rs 137

Board approved preferential issue of up to 72,04,200 warrants convertible 1:1 at Rs137 (~98.7Cr) to promoter/non-promoter investors and Rs30Cr infusion in 90.02% subsidiary VVIP Realtech. First large post-listing equity dilution, largely subscribed by promoters; steps up funding for working-capital-heavy real-estate subsidiary after repeated promoter pledges for subsidiary debt. Dilution hinges on EGM approval and conversion within 18 months; cash inflow timing, pricing basis and full subsidiary funding terms remain undisclosed.