Corporate Action17 Sept 2026, 06:40 pm
Onida Electronics Allots 73.86 Lakh Warrants for ₹6.5 Cr
AI Summary
Onida Electronics Limited (formerly MIRC Electronics) has approved the allotment of 73,86,362 warrants convertible into equity shares on a preferential basis. The warrants are priced at ₹35.20 each, aggregating ₹6.50 crore. The company has received 25% of the issue price, ₹8.80 per warrant, from the allottees: Resonance Opportunities Fund, Nexta Enterprises LLP, and Aamara Capital Private Limited. This allotment does not immediately change the company's issued share capital. The preferential issue was approved by shareholders on June 8, 2026, and received in-principle approvals from stock exchanges on September 1, 2026.
Key Highlights
- Onida Electronics allots 73.86 lakh warrants on preferential basis.
- Total issue size aggregates to ₹6.50 crore.
- Warrants are convertible into equity shares at ₹35.20 each.
- Funds received represent 25% of the warrant issue price.
- Allotment to public category investors: Resonance, Nexta, Aamara.
Price Impact
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