If you hold shares in Vivriti Capital, you may have received a communication about a "demerger" and new shares being credited to your account. The language can feel intimidating, so we've broken it all down in plain English below.
Vivriti Group went through an internal restructuring that became effective from April 1, 2026. In simple terms, one company that was doing several different things was split up so each business could stand on its own.
Before the restructuring, Vivriti Capital Limited (VCL) housed multiple businesses under one roof — a lending (NBFC) business and an asset management business, among others. Through a court-approved "Composite Scheme of Arrangement," the group separated these into distinct entities sitting under a new holding company.
Here are the key players you'll see mentioned:
Vivriti Capital Limited (VCL) — the original company you invested in. It has now been renamed Vivriti Finance Limited (VFL).
Vivriti Next Limited (VNL) — the new holding company of the group. This is the company whose shares are being credited to you.
Demerger 1 — the carve-out of the NBFC (lending) business.
Demerger 2 — the carve-out of the Asset Management business.
The whole point of this exercise was to unlock value, de-risk the balance sheet of the lending business, and give investors direct exposure to each business separately, rather than everything being bundled into one entity.
No. You keep every original share you held. The new shares from VNL are given to you in addition to what you already own — nothing is taken away or swapped out from under you.
Think of a company as a parent with several business "divisions." A demerger is when one of those divisions is spun off into its own separate company. As a thank-you for being a shareholder of the parent, you're handed free shares in the newly created company while keeping your original shares.
It depends on how many VCL/VFL shares you hold. The ratios are:
You get per 1 VFL share | Shares of VNL | Status |
|---|---|---|
| Demerger 1 (NBFC business) | 12.79 shares of VNL | Completed |
| Demerger 2 (Asset Mgmt business) | 1.36 shares of VNL | In progress (~2 weeks) |
The number is rounded down to the nearest whole share, and the calculation is applied to your total holding rather than share-by-share.
Absolutely. Here's exactly what a holder of 100 VFL shares receives:
Demerger 1: 100 × 12.79 = 1,279 VNL shares (already credited)
Demerger 2: 100 × 1.36 = 136 VNL shares (coming in ~2 weeks)
Total new VNL shares: 1,279 + 136 = 1,415 VNL shares
Your final position: 1,415 shares of VNL plus your original 100 shares of VFL. A smaller example: if you held just 1 share, you'd get 12 VNL shares from Demerger 1 and 1 from Demerger 2 — a total of 13 VNL shares, plus your 1 original VFL share.
Demerger 1: Completed. The VNL shares for the NBFC business have already been credited to eligible shareholders as on the record date.
Demerger 2: In progress. The credit of shares for the asset management business is being processed and is expected to be completed within roughly two weeks. A separate confirmation will be sent once it's done.
No. The original company is not being shut down, seized, or wound up. What changed is:
It has been renamed from Vivriti Capital Limited to Vivriti Finance Limited (VFL).
Two of its businesses (lending and asset management) were carved out into separate entities under the new holding company, VNL.
The company continues to exist and operate — just under a new name and with a restructured, more focused business. You'll see the name change reflected in depository (Demat) records soon.
The stated goals of the restructuring were to:
Unlock value by letting each business be valued on its own merits.
De-risk the balance sheet of the lending business by separating it from the asset management business.
Give investors direct access and flexibility across the different businesses.
Make it easier to attract business-specific investors and strategic partners for each entity.
Generally, no action is required from your side. The new shares are credited automatically to the same Demat account that held your original VCL/VFL shares. Just keep an eye on your Demat statement to confirm the credits appear, and watch for the follow-up communication once Demerger 2 is completed.
All scheme-related documents are available on the Vivriti Capital website under the restructuring/investor section. If you have specific questions about your individual holding, it's best to contact the company's investor relations / company secretary team directly.
You keep all your original shares.
You receive bonus-style shares in the new holding company, VNL, for free.
A holder of 100 VFL shares ends up with 1,415 VNL shares + 100 VFL shares.
The original company is renamed (VFL), not closed.
Disclaimer: This article is for general informational purposes only and is based on publicly available communications regarding the Vivriti Group restructuring. It is not investment, legal, or tax advice. Share ratios, timelines, and statuses are as per the company's stated communication and may be updated. Please refer to official company documents and consult a qualified advisor for decisions specific to your holdings.