MIC Electronics Limited has approved a major strategic acquisition along with internal restructuring measures, signalling a shift towards advanced technology integration and streamlined operations.
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.
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.
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.
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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.
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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Published on: Apr 1, 2026, 8:48 AM IST
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