"MIRC Electronics Raises ₹149.52 Crore Through Preferential Allotment to Investors"

"MIRC Electronics Limited, the company behind the Onida brand, has raised approximately ₹149.52 crore through a preferential allotment of equity shares to Authum Investment and Infrastructure Limited and other investors. Veritas Legal advised MIRC Electronics on the transaction, providing strategic and documentation support. MIRC Electronics, founded in 1981, manufactures consumer electronics and home appliances, including televisions, air conditioners, and washing machines."

Veritas Legal acted for and advised MIRC Electronics Limited in its recent fundraise through preferential allotment of equity shares to Authum Investment and Infrastructure Limited and other investors. The transaction involved MIRC Electronics Limited raising approximately ₹149.52 crore through a preferential allotment of equity shares. The funds were raised to support the company's operations and growth in the consumer electronics and home appliances sector. The transaction team from Veritas Legal was led by Sneha Nagvekar (Partner), with support from Avadhoot Potnis (Senior Associate) and Aagam Shah (Associate).

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"MIRC Electronics Raises ₹149.52 Crore Through Preferential Allotment to Investors"

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