MIC Electronics Ltd allots 74462070 warrants

The Board of Directors of MIC Electronics Ltd at its meeting held on November 25, 2014, has concluded and approved the allotment of 74,462,070 preferential convertible Equity Share warrants to promoters and investors Face Value of Rs. 2/- each issued at 3/- each as per in-principle approval for from Bombay Stock Exchange Limited & National Stock Exchange of India Limited vide their letters August 21, 2014 and November 12, 2014 respectively.

Shares of MIC ELECTRONICS LTD. was last trading in BSE at Rs.4.85 as compared to the previous close of Rs. 4.67. The total number of shares traded during the day was 126778 in over 224 trades.

The stock hit an intraday high of Rs. 4.9 and intraday low of 4.44. The net turnover during the day was Rs. 595890.

Source : Equity Bulls

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