MIC Electronics Ltd allots 10822222 shares

The Board of Directors of MIC Electronics Ltd at its meeting held on May 17, 2016, has concluded and considered, issued and allotted 1,08,22,222 (One Crore Eight Lakhs Twenty Two Thousand Two Hundred and Twenty Two) equity shares by conversion of Preferential Convertible Equity Share Warrants to the below promoters and investors in 1:1 ratio.

Shares of MIC ELECTRONICS LTD. was last trading in BSE at Rs.18.35 as compared to the previous close of Rs. 18.3. The total number of shares traded during the day was 98875 in over 461 trades.

The stock hit an intraday high of Rs. 18.6 and intraday low of 16.85. The net turnover during the day was Rs. 1770056.

Source : Equity Bulls

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