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Mirc Electronics touches roof on plan to raise funds up to Rs 33 crore

05 Dec 2013 Evaluate

Mirc Electronics is currently trading at its upper circuit limit of Rs. 5.39, up by 0.25 points or 4.86% from its previous closing of Rs. 5.14 on the BSE.

The scrip opened at Rs. 5.30 and has touched a high and low of Rs. 5.39 and Rs. 5.30 respectively. So far 2520 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 12.50 on 14-Jan-2013 and a 52 week low of Rs. 4.25 on 23-Sep-2013.

Last one week high and low of the scrip stood at Rs. 5.44 and Rs. 4.95 respectively. The current market cap of the company is Rs. 76.40 crore.

The promoters holding in the company stood at 55.09%, while Institutions and Non-Institutions held 5.48% and 39.43% respectively.

Mirc Electronics has received an approval for raising of funds up to Rs 33 crore by way of issue of equity shares to the existing shareholders of the company on a rights basis (Rights Issue) subject to all applicable statutory and regulatory approvals. The board of directors at its meeting held on December 04, 2013 has approved for the same.

The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the issue and other matters shall be decided by the committee constituted for the said purpose in consultation with the Lead Managers to the Rights Issue.

Mirc Electronics, sells consumer durables under brand Onida and is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.

MIRC Electronics Share Price

31.63 0.23 (0.73%)
17-Apr-2026 16:59 View Price Chart
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