<h1>VL E-Governance & IT Solutions issues 5.34 crore warrants worth Rs. 400.99 crore to boost growth in key sectors.</h1> VL E-Governance & IT Solutions Limited has approved the allotment of 5.34 crore fully convertible warrants, each convertible into one equity share, totaling Rs. 400.99 crore, on a preferential basis to non-promoters. This strategic move aims to enhance the company's financial position and support its growth in sectors such as e-Governance, aviation, aerospace, defense, and satellite technologies. The issuance aligns with the company's vision to create stakeholder value and leverage expertise in these domains. The equity shares from converted warrants will be listed on BSE and NSE, following regulatory guidelines.