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Mirc Electronics informs about outcome of preferential issue committee meeting

07 Jan 2017 Evaluate

Mirc Electronics has informed that Preferential Issue Committee of the Company has allotted 15,518,417 Equity Shares of face value of Re 1 per equity share for cash at a price of Rs 14.66 per Equity Share (including a premium of Rs 13.66 per Equity Share) as arrived in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as on the Relevant Date i.e. May 27, 2015 to Bennett Coleman & Co., being Person other than Promoter and /or Promoter Group on preferential basis on January 06, 2017. Consequently, the paid up equity share capital of the Company now stands increased from Rs 196,234,202 to Rs 211,752,619.

The above information is a part of company’s filings submitted to BSE.

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