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MIC Electronics has convened an EGM on April 29, 2026, to approve the acquisition of an 89.65% stake in Singapore-based Neo Semi SG Pte. Ltd for approximately ₹66.70 Crore. The deal includes a preferential issue of 5.68 Crore shares via share swap and a director re-designation.
MIC Electronics has convened an EGM for April 29, 2026, to approve the ₹357.60 Crore acquisition of an 89.65% stake in Singapore-based Neo Semi SG Pte. Ltd. The deal involves a ₹122.26 Crore cash payment and a ₹235.34 Crore share swap via preferential allotment. This strategic move aims to expand the company's semiconductor and green technology footprint.