MIC Electronics acquires 59% stake in Neo Semi SG

MIC Electronics acquires 59% stake in Neo Semi SG — MIC Electronics has completed the acquisition of a 59% stake in Singapore-based Neo Semi SG, marking a strategic expansion into the semiconductor space. The move strengthens its position in the electronics manufacturing sector. This acquisition is valued significantly above ₹500Cr, signaling a major shift in business focus.
📊 STOCKS: $MICEL | 🏢 SECTOR: Corporate | #HIGHIMPACT #Acquisition