MRO-TEK gets nod to raise Rs 10 crore by way of rights issue

MRO-TEK Networks Ltd. | IT - Hardware | Consumer Durables | BSE: 532376 | NSE: UMIYA-MRO

30 May 2014 Evaluate

MRO-TEK has received an approval for raising funds to the tune of Rs 10 crore by way of rights issue and authorized the management to initiate the process in consultation with the Investment Bankers, Consultants and Lawyers. The board of directors at its meeting held on May 29, 2014 has approved for the same.

MRO-TEK today is a leader in the networking and last mile access segment. It has strategic alliances with leading international Networking Companies, providing it a strong product portfolio and technological back up.

Peers

Company Name	CMP
Ivalue Infosolutions	226.75
Control Print	572.90
TVS Electronics	398.55
Schneider Electric	1816.30
NELCO	925.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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