# 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.

- Type: Acquisition
- Announced: 2025-12-08
- Where: Singapore, Singapore
- Value: $43.0M (3.58B INR)
- Status: announced
- Products: deep-tech platform
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MIC Electronics Limited](https://endata.com/companies/86393.md) (acquirer)
- [Neo Semi SG](https://endata.com/companies/88999.md) (target)

## Sources

- [businessupturn.com](https://businessupturn.com/business/mic-electronics-approves-rs-357-60-crore-acquisition-of-neo-semi-sg/), 2025-12-08: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.