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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.