VL E-Governance & IT Solutions raises Rs 400.99 cr via preferential allotment of convertible warrants

VL E-Governance & IT Solutions (VL E-Governance) has allotted 5.34 crore warrants on a preferential basis by way of a private placement. The allotment, amounting to Rs. 400.99 crore, is a strategic move aimed to reinforcing VL EGovernance's financial position and providing the necessary impetus for the execution of its ambitious projects, including large-scale e-Governance initiatives and high-tech developments in aviation, aerospace, defense, and satellite sectors.

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