Summary: MIC Electronics approved plans to acquire NSPL, entering advanced tech sectors like semiconductors, AI, IoT, and green energy. The non-binding deal awaits valuations, due diligence, and regulatory nods.
On Monday, Indian equities edged down as Kotak Mahindra Bank’s underwhelming earnings dampened investor sentiment, with lingering uncertainty around US trade negotiations adding to the cautious mood. By 10:03 a.m. IST, the Nifty 50 was down 0.16% at 24,798.9, while the BSE Sensex slipped 0.2% to 81,325.4. Meanwhile, one stock which was in the limelight is MIC Electronics Limited.
MIC Electronics Limited is in focus on Monday, July 28, after the company has received board approval to acquire a stake in Singapore-based NEO SEMI SG PTE LIMITED (NSPL). The move aims to expand the company’s presence in advanced technologies, including semiconductors, AI, IoT, and green energy.
MIC Electronics Limited announced that its Board of Directors has given in-principle approval to acquire equity shares of NEO SEMI SG PTE LIMITED (NSPL), a Singapore-based technology company. The decision was taken during the Board meeting held on Friday, July 25, 2025.
Through this deal, MIC Electronics plans to enter advanced technology sectors, including semiconductors, AI, IoT, and green energy. The company believes this step will help it expand into high-growth areas and strengthen its presence in critical future markets.
NSPL has a strong technology ecosystem. It has a Memorandum of Understanding with a Silicon Valley-based semiconductor design company that owns intellectual property for high-performance computing, AI, and IoT applications.
NSPL also owns an energy management company offering IoT-based solutions for climate resilience, energy efficiency, and smart grid modernisation. It further controls India’s largest electronics refurbishment and reverse logistics company, which works with major insurance providers and is preparing to enter e-waste management through a UAE-based subsidiary.
The proposed acquisition involves buying existing shares from NSPL’s current shareholders. The deal depends on independent valuations, due diligence, and regulatory approvals. The final structure may include equity purchase, share swaps, or hybrid instruments.
The Memorandum of Understanding between MIC Electronics and NSPL is non-binding, meaning the acquisition will move forward only if due diligence is successful and both parties agree on final terms. Professional advisors, valuers, and consultants will assist in the process.
On Monday, MIC Electronics' share price was trading in positive territory as the company advancing into the semiconductor and green tech sectors. As of 11:10 am IST, the stock was trading at ₹53.11 per share, up by 2.31%.
On a year-to-date basis, the stock price has seen a decline of 37%. The stock price is trading near the 52-week low of ₹49.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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