Ebisu Global Fund acquires 7.93 percent stake in MIC Electronics

Ownership Changes View source PDF Explain this filing

MICEL · price

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹34.37

prior close

₹35.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+4.1% vs market

Other Industrial Products peers, median of 26sector+0.7%+4.3% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.3 pts more than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+1.9

15m

+1.9

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+0.8+4.1+0.7+4.3

Next day

+2.8+1.0+1.8+0.3+2.5

+1.7+1.7-0.1+0.0+1.7

+1.3+0.1+1.2+0.8+0.5

-0.2+0.8-1.0+1.2-1.4

+5.4-0.9+6.3-0.5+5.9

+14.9-4.5+19.4-2.6+17.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ebisu Global Opportunities Fund, a Mauritius based foreign fund, acquired 2,36,16,929 equity shares (7.93 percent) of MIC Electronics through market purchase on 4 April 2025. Total holding rose from 0.90 percent (21,63,030 shares) to 8.65 percent (2,57,79,959 shares). The acquirer is not part of the promoter group. Disclosure filed under Reg 29(1) of SEBI Takeover Regulations as the 5 percent shareholding threshold was crossed.

Likely market impact

Foreign investor buying a sizeable stake signals confidence; may support stock sentiment, but raises supply overhang risk if the fund exits later.