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MIRC Electronics Expands Equity Capital with Successful Rights Issue

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MIRC Electronics Expands Equity Capital with Successful Rights Issue

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MIRC Electronics Limited ( (IN:MIRCELECTR) ) has issued an update.

MIRC Electronics Limited has announced the outcome of its Rights Issue Committee meeting held on August 1, 2025. The company approved the allotment of 4,94,89,845 fully paid-up equity shares at a price of Rs. 10 per share, raising a total of Rs. 50 crores. This move increases the company’s equity share capital from Rs. 23.09 crores to Rs. 28.04 crores, potentially strengthening its financial position and providing additional resources for growth and expansion.

More about MIRC Electronics Limited

MIRC Electronics Limited operates in the electronics industry, primarily focusing on the production and distribution of consumer electronics under the brand name Onida. The company is based in Mumbai, India, and is known for its range of televisions, air conditioners, washing machines, and other home appliances.

Average Trading Volume: 166,375

Technical Sentiment Signal: Sell

Current Market Cap: 4.39B INR

For detailed information about MIRCELECTR stock, go to TipRanks’ Stock Analysis page.

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