MIC Electronics Share Price Surges Over 2% on Neo Semi Acquisition Approval

MIC Electronics Limited gained market traction on July 28, 2025, with shares gaining 2.95% following the company's strategic announcement regarding its proposed acquisition of Neo Semi SG Pte Limited. 

Board Approves Strategic Neo Semi SG Acquisition

The Board of Directors of MIC Electronics Limited convened they granted in principle approval for acquiring equity shares of Neo Semi SG Pte Limited (NSPL), Singapore. The acquisition involves purchasing existing equity share capital from current NSPL shareholders, subject to provisions of the Companies Act, 2013 and RBI Overseas Investment Regulations.

The transaction remains conditional upon completion of negotiations, per share valuation determination, and comprehensive due diligence of NSPL's operations and financial position.

Neo Semi SG Technology Portfolio Drives Market Interest

NSPL operates a comprehensive technology ecosystem through strategic partnerships across multiple high-growth sectors. The company maintains partnerships with Silicon Valley-based semiconductor chip design companies, developing cutting-edge solutions for high-performance computing, AI, and IoT applications. Additionally, NSPL operates energy management solutions offering integrated IoT-based systems focused on climate resilience and smart grid modernisation.

Read More: Best Semiconductor Stocks in August 2025: ASM, CG Power, Hitachi & More!

Strategic Diversification into Future Critical Verticals

This proposed acquisition aligns with MIC Electronics' long-term strategy to diversify into semiconductors, green energy, and digital service infrastructure. The move marks the company's entry into next-generation technologies with strong growth trajectories. NSPL also includes access to India's largest electronics refurbishment and reverse logistics company, featuring a nationwide footprint and established relationships with major insurance service providers.

MIC Electronics Share Price Performance

On July 28, 2025, MIC Electronics share price opened at ₹52.20 on NSE, above the previous close of ₹51.91. During the day, it surged to ₹53.88 and dipped to ₹52.20. The stock is trading at ₹53.44 as of 10:41 AM. The stock registered a significant gain of 2.95%.

Over the past week, it has moved up by 1.97%, over the past month, it has declined by 0.72%, and over the past 3 months, it has declined by 8.19%.

Conclusion

MIC Electronics Limited's 2.95% share price surge to ₹53.44 on July 28, 2025, reflects strong investor confidence following the board's approval for Neo Semi SG acquisition. The strategic move into semiconductors, green energy, and digital infrastructure positions the company for future growth in critical technology verticals.

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