Announced Fri, 4 Sept · 12:18 IST
MIC Electronics allots shares for 59% Neo Semi acquisition
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹37.48
prior close
₹36.74
base price
In-mkt
timing
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AI summary
MIC Electronics allotted 5.69 crore equity shares (face value Rs 2) on preferential basis to Neo Selling Shareholders (Ebisu and Unico Global Opportunities Fund from Mauritius, and Tavas Advisory from UAE) as non-cash consideration for acquiring 59% stake in Neo Semi SG Pte. Ltd. Share count rises from 24.10 crore to 29.79 crore, about 23.6% dilution.
Likely market impact
About 23.6% equity dilution for existing shareholders; Neo Semi SG acquisition completed through share-based payment.