MIC Electronics Ltd
Board Meeting Outcome for Outcome Of The Board Meeting Held Today - Inter Alia Considered The Proposal Of Acquisition Of Equity Shares Of M/S. NEO SEMI SG PTE LIMITED (NSPL) Singapore By Way Of Purchase Of Existing Equity Share Capital From Existing Share
06:07 PM, 25th Jul 2025
The Board of Directors in its meeting held today inter alia discussed and approved a proposal for acquisition of equity shares of M/s. NEO SEMI SG PTE LIMITED (NSPL) Singapore by way of purchase of existing equity share capital from existing shareholders of NSPL subject to the provisions of Companies Act 2013 and the Overseas Investments Regulations Rules and Directions 2022 as amended from time to time issued by the Reserve Bank of India and other applicable regulations. The Board accorded in principle approval for the aforesaid acquisition and the Board will take final decision on the aforesaid acquisition of equity shares after concluding the negotiations determining the per share valuation and due diligence of NSPL and further terms and conditions of acquisition.