MIC Electronics Limited has completed the acquisition of a 59% stake in Neo Semi SG Pte. Ltd., a Singapore-based deep-tech platform. The company completed the deal through a share-swap transaction.
MIC Electronics allotted 5.68 crore equity shares to Neo Semi SG’s selling shareholders as consideration for the acquisition. It made the allotment after receiving in-principle approvals from BSE Limited and the National Stock Exchange of India Limited.
Neo Semi SG operates through subsidiaries in India and the UAE. It works in semiconductor IP creation, AI-driven energy logistics, IoT-based smart-grid solutions and circular electronics.
Rakshit Mathur, CEO of MIC Electronics, said the acquisition supports the company’s strategic expansion into technology-led opportunities.
“The completion of the acquisition of a 59% stake in Neo Semi SG marks an important milestone for MIC Electronics. The transaction strengthens our focus on technology-led opportunities and represents a meaningful step in our strategic expansion. We look forward to building on this development as we continue to pursue opportunities that can contribute to our long-term growth,” Mathur said.
MIC Electronics–Neo Semi SG Deal at a Glance
- MIC Electronics has completed the acquisition of a 59% stake in Neo Semi SG Pte. Ltd.
- The acquisition was completed through a share-swap transaction.
- MIC Electronics allotted 5.68 crore equity shares to the selling shareholders of Neo Semi SG.
- The allotment followed in-principle approvals from BSE Limited and NSE.
- Neo Semi SG operates in semiconductor IP, AI-driven energy logistics, IoT-based smart-grid solutions and circular electronics.
- Neo Semi SG has subsidiaries in India and the UAE.
MIC Electronics Completes Neo Semi SG Acquisition
The transaction has now moved from the proposed stage to completion. MIC Electronics completed the regulatory approvals and share allotment process for the acquisition.
As a result, the company has acquired a majority stake in a platform with operations across emerging technology segments. These include smart-grid solutions, AI-led energy logistics, and circular electronics.
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Neo Semi SG Focuses on Deep-Tech Solutions
Neo Semi SG is a Singapore-incorporated deep-tech platform. Its business includes semiconductor IP creation and connected technology solutions.
In addition, the platform develops IoT-based smart-grid solutions. It also works in AI-driven energy logistics and circular electronics.
About MIC Electronics Limited
MIC Electronics Limited provides LED display solutions and intelligent communication systems. It serves transportation, advertising, and public infrastructure sectors.
The company has also participated in railway modernisation projects. It delivers scalable, technology-driven solutions across India.
