MIC Electronics Secures In-Principle Approval For 5.69 Crore Share Swap Issue

MIC Electronics received BSE and NSE in-principle approvals to issue 5.687 crore equity shares at a minimum ₹41.38 per share to non-promoters via share swap for Neo Semi SG. Allotment is targeted within 15 days, subject to receiving Neo shares and procedural compliance. Context: advances the previously pending Neo acquisition.