ALSO READMirc Electronics to raise Rs 144 crore from marquee investors Mirc Electronics gallops 36.21% in two sessions MIRC Electronics standalone net profit rises 287.93% in the June 2017 quarter Mirc Electronics eyes 20-25 pc growth in next 5 years Mirc Electronics Q1 PAT jumps 288 pc to Rs 4.50 crore
On 02 December 2017The Board of MIRC Electronics on 02 December 2017 has approved issue of 1.92 crore equity shares 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 shares and warrants.
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