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Onida Electronics allotted warrants valued at over Rs 650 million to Resonance Opportunities Fund and others
17-Sep-2026, 07:44

Onida Electronics Limited, formerly MIRC Electronics Limited, announced that its Finance Committee has approved the allotment of 73,86,362 warrants, convertible into an equal number of equity shares, on a preferential basis to Resonance Opportunities Fund, Nexta Enterprises LLP, and Aamara Capital Private Limited. The warrants were issued at a price of Rs 35.20 each, totaling Rs 6,49,99,985.60, with investors paying 25% of the warrant issue price.