{"id":39251,"date":"2025-07-15T12:16:55","date_gmt":"2025-07-15T06:46:55","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/15\/mirc-electronics-limited-announces-rights-issue-opening-on-july-14-2025\/"},"modified":"2025-07-15T12:16:55","modified_gmt":"2025-07-15T06:46:55","slug":"mirc-electronics-limited-announces-rights-issue-opening-on-july-14-2025","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/15\/mirc-electronics-limited-announces-rights-issue-opening-on-july-14-2025\/","title":{"rendered":"MIRC Electronics Limited Announces Rights Issue Opening on July 14, 2025"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], July 15: <\/strong>MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise \u20b9 49.49Crore.<\/p>\n<p>The issue size is\u00a04,94,89,847\u00a0equity shares at a face value of\u00a0\u20b91 each\u00a0with\u00a0an\u00a0Issue Price\u00a0of\u00a0\u20b9\u00a010\u00a0Per Share.<\/p>\n<p>Rights Issue details:<\/p>\n<p>\u25cf\u00a0Right Issue Price\u00a0\u2013\u00a0\u20b9\u00a010\u00a0Each Share<\/p>\n<p>\u25cf\u00a0Right Issue Size\u00a0\u2013\u00a0\u20b9\u00a049.49\u00a0Crore<\/p>\n<p>\u25cf\u00a0Right Entitlement\u00a0\u2013\u00a03\u00a0Shares for every\u00a014\u00a0shares held<\/p>\n<p>\u25cf\u00a0Record Date\u00a0\u2013\u00a030th\u00a0June\u00a02025<\/p>\n<p>\u25cf\u00a0Renunciation Of RE\u00a0\u2013\u00a014th\u00a0July\u00a0to\u00a016th\u00a0July\u00a02025<\/p>\n<p>The net proceeds from the Rights Issue will be utilized to strengthen the company\u2019s existing and incremental working capital requirements of our company and for general corporate purposes.<\/p>\n<p>Mr. Vijay Mansukhani, Chairperson &amp; Managing Director of MIRC Electronics Limited, expressed, \u201cWe are delighted to announce the launch of our Rights Issue\u2014a significant milestone that marks the continued evolution of Onida as a leading Indian electronics and home appliances company in the Consumer Electronics Industry. This issue will meaningfully strengthen our balance sheet and enhance our financial performance, creating long-term value for all stakeholders.<\/p>\n<p>Our experienced team is driving the company\u2019s aspiration to become a leading consumer electronics brand by delivering affordable and innovative product solutions that support the Digital India mission. The company is expanding its global footprint through new product launches while maintaining strong after-sales support.\u201d<\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise \u20b9 49.49Crore. The issue size is\u00a04,94,89,847\u00a0equity shares at a face value of\u00a0\u20b91 each\u00a0with\u00a0an\u00a0Issue Price\u00a0of\u00a0\u20b9\u00a010\u00a0Per Share. Rights Issue details: \u25cf\u00a0Right Issue&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2025\/07\/15\/mirc-electronics-limited-announces-rights-issue-opening-on-july-14-2025\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;MIRC Electronics Limited Announces Rights Issue Opening on July 14, 2025&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":39252,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-39251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=39251"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/39251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/39252"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=39251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=39251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=39251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}