MIC Electronics Share Price in Focus: To Acquire 89.65% Stake in Neo Semi for ₹357.60 Crore

MIC Electronics Limited has approved a major strategic acquisition along with internal restructuring measures, signalling a shift towards advanced technology integration and streamlined operations. 

Acquisition of Neo Semi SG Strengthens Tech Capabilities 

The company’s board has approved the acquisition of 71,72,090 equity shares, representing an 89.65% stake in Singapore-based Neo Semi SG Pte. Ltd., for a total consideration of approximately ₹357.60 crore.  

The transaction will be executed through a mix of cash and share swap, with ₹122.25 crore paid in cash and ₹235.34 crore through equity issuance.  

Neo operates in semiconductor IP, AI-driven energy solutions, IoT-based platforms, and circular electronics, aligning with MIC Electronics’ expansion into high-tech domains. 

Preferential Issue and Shareholding Impact 

To facilitate the non-cash component, MIC Electronics will issue up to 5.68 crore equity shares at ₹41.38 per share on a preferential basis. 

Following the issuance, promoter shareholding is expected to decline from 51.70% to 41.83%, while public shareholding will increase. 

The transaction remains subject to shareholder approval at the EGM scheduled for April 29, 2026, along with regulatory clearances. 

Restructuring Through Subsidiary Realignment 

In parallel, the company has approved a restructuring plan involving its subsidiary, MICK Digital India Limited. It will divest a 40% stake in the subsidiary to LED India Private Limited for ₹2 lakh, resulting in a revised holding of 60%. 

Additionally, MIC Electronics will transfer its Lighting Division and Medical & Other Appliances Division to MICK Digital through a slump sale valued at ₹8 crore, to be settled via equity allotment instead of cash. 

Read More: No AGR Relief for Bharti Airtel, Tata Teleservices; DoT Enforces ₹10,000 Crore Payment by March 31, 2026! 

MIC Electronics Share Price Performance 

As of March 30, 2026, at 3:30 PM, MIC Electronics share price is trading at ₹29.97 per share, reflecting a decline of 4.98% from the previous closing price. 

Conclusion 

The Neo Semi acquisition, coupled with internal restructuring, marks a strategic pivot for MIC Electronics towards a more integrated and technology-driven business model. 

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