MIC Electronics gains on getting nod to raise funds up to Rs 90 crore through QIP
MIC Electronics is currently trading at Rs. 31.20, up by 0.49 points or 1.60% from its previous closing of Rs. 30.71 on the BSE
The scrip opened at Rs. 31.32 and has touched a high and low of Rs. 31.32 and Rs. 31.20 respectively. So far 154943 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.32 on 7-Sep-2023 and a 52 week low of Rs. 10.86 on 18-Nov-2022.
Last one week high and low of the scrip stood at Rs. 31.32 and Rs. 27.50 respectively. The current market cap of the company is Rs. 690.91 crore.
The promoters holding in the company stood at 74.63%, while Non-Institutions held 25.37% stake in the company.
MIC Electronics has received approval to raise funds up to Rs 90 crore through Qualified Institutions Placement (QIP) or private offerings or any combination thereof. The Board of Directors of the Company at its meeting held on September 06, 2023 inter-alia, approved the same.
MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.
