MIC Electronics Capital Structure Change
Ebisu Global Opportunities Fund Limited acquired 2,36,16,929 equity shares of MIC Electronics Limited via a preferential allotment. This share swap transaction increased their stake from 0.90% to 8.65%.
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Ebisu Global Opportunities Fund Limited acquired 2,36,16,929 equity shares of MIC Electronics Limited via a preferential allotment. This share swap transaction increased their stake from 0.90% to 8.65%.
MIC Electronics received BSE/NSE trading approval for 5,68,73,418 preferential allotment shares at ₹41.38 each. The swap-issued shares to Neo Semi SG shareholders begin trading October 8, 2026.
MIC Electronics Limited allotted 5,68,73,418 equity shares on a preferential basis for consideration other than cash. This transaction completes the acquisition of a 59% stake in Neo Semi SG Pte. Ltd.
MIC Electronics received in-principle approvals from BSE and NSE for issuing 5.68 crore shares. The preferential issue at Rs. 41.38 per share funds the acquisition of Neo Semi Sg PTE.