Mirc Electronics Ltd allots 54482524 shares on rights basis

The Rights Issue Committee of Mirc Electronics Ltd has allotted 5,44,82,524 Equity Shares of face value of Re. 1 per equity share for cash at a price of Rs. 6 per Equity Share (including a premium of Rs. 5 per Equity Share) to the successful applicants in the Rights Issue of the Company, in accordance with the basis of allotment as finalised by the Company, the Lead Manager being Inga Capital Private Limited and the Registrar to the Issue being Link Intime India Private Limited, in consultation with the Designated Stock Exchange on October 22, 2014.

Consequently, the paid up equity share capital of the Company now stands increased from Rs. 14,17,51,678/ - to Rs. 19,62,34,202/-

Shares of MIRC ELECTRONICS LTD. was last trading in BSE at Rs.6.91 as compared to the previous close of Rs. 6.95. The total number of shares traded during the day was 4055 in over 41 trades.

The stock hit an intraday high of Rs. 7.04 and intraday low of 6.9. The net turnover during the day was Rs. 28213.

Source : Equity Bulls

Keywords