MIC Electronics Ltd allots 8732778 shares

The Board of Directors of MIC Electronics Ltd at its meeting held on November 10, 2015, has approved, issued and allotted 87,32,778 (Eighty Seven lakhs Thirty two thousand Seven Hundred and Seventy Eight) equity shares by conversion of Preferential Convertible Equity Share Warrants to the below promoters and investors in 1:1 ratio.

Shares of MIC ELECTRONICS LTD. was last trading in BSE at Rs.24.2 as compared to the previous close of Rs. 23.55. The total number of shares traded during the day was 979201 in over 3518 trades.

The stock hit an intraday high of Rs. 25.75 and intraday low of 22.65. The net turnover during the day was Rs. 23935426.

Source : Equity Bulls

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