MIC Electronics to acquire 89.65% of Neo Semi SG for ₹357.60 crore

MIC Electronics Limited approved the acquisition of 89.65% of Neo Semi SG Pte. Ltd., a Singapore-based deep-tech platform company, for a total consideration of ₹357.60 crore, comprising cash and share swap. The transaction is subject to shareholder and regulatory approvals.

“The board of directors has agreed to acquire 71,72,090 equity shares, representing 89.65% of Neo Semi SG, for a total consideration of ₹357.60 crore.”businessupturn.com

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• businessupturn.comMIC Electronics approves Rs 357.60 crore acquisition of Neo Semi SG · Business UpturnBusiness DeskDec 8, 2025

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