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.