- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
MIC Electronics' board has given in-principle approval to acquire Neo Semi SG Pte. Ltd. (NSPL), a Singapore-based company. This strategic move aims to diversify MIC into high-tech sectors like semiconductors, green energy, and digital services. NSPL holds strategic ties with a US-based semiconductor chip designer, an IoT-based energy management company, and India's largest electronics refurbishment firm, which is venturing into e-waste management. This acquisition aligns with MIC's long-term vision, aiming to unlock significant value. The deal is currently non-binding and contingent on valuation, due diligence, and final negotiations.