MIC Electronics Eyes ₹250 Crore Fundraise via QIP, Sets EGM Date

MIC Electronics, a small company, is planning to get more money to grow its business.

They will ask their shareholders for permission at a special meeting called an EGM.

They want to raise about 250 crore rupees by selling special stocks to big investors.

They also plan to raise up to 15 million dollars by selling special bonds that can be turned into stocks later.

The money will be used for things like buying other companies, paying back loans, and investing in their smaller companies.

The meeting will happen in Hyderabad, and shareholders can vote from home before the meeting.