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Board of MIRC Electronics approves issue of shares and warrants

Capital Market 

On 02 December 2017

The Board of on 02 December 2017 has approved issue of 1.92 crore equity and 1.92 crore warrants convertible into equity shares, on preferential basis at Rs. 37.53/- to non promoters to augment its long term working capital and corporate requirements. This would result in infusion of Rs. 144.12 crore worth of equity in to the company.

The Board has further approved to convene Extra-Ordinary General Meeting (EGM) of the shareholders of the company on 27 December 2017 at 3:00 p.m. for getting the shareholders approval for the above issue of and warrants.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 09:34 IST