Mirc Electronics to raise Rs.144 crore from marquee investors – Feedback

Mirc Electronics Ltd, which owns the Onida brand, today said its board has approved raising of equity investment of Rs 144.12 crore from marquee investors to meet its long-term working capital and corporate requirements.

Board has approved issue of 1.92 crore equity shares and 1.92 crore warrants convertible into equity shares on preferential basis at issue price of Rs. 37.53 to its several non-promoters to augment its long-term working capital and corporate requirements, a company statement said here.Issue price has been determined in accordance with the provisions of SEBI regulations, 2009.


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