MIC Electronics Ltd to consider conversion of warrants on March 19, 2015

A meeting of the Board of Directors of MIC Electronics Ltd will be held on March 19, 2015, to consider and approve conversion of Preferential Convertible Equity Share Warrants into equity shares in 1:1 ratio to promoters and investors a part of 74,462,070 Preferential Coverable Equity Share warrants allotted on November 25, 2014 to promoters and investors as per In-principle approvals from Stock Exchange through Letter dated August 21, 2014 and November 12, 2014 respectively.

Shares of MIC ELECTRONICS LTD. was last trading in BSE at Rs.8.54 as compared to the previous close of Rs. 8.61. The total number of shares traded during the day was 50663 in over 318 trades.

The stock hit an intraday high of Rs. 8.89 and intraday low of 8.46. The net turnover during the day was Rs. 437513.

Source : Equity Bulls

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