Corporate Action8 Oct 2026, 10:45 am
MIC Electronics Gets Trading Approval for 5.68 Cr Preferential Shares
AI Summary
MIC Electronics Ltd has received trading and listing approval from both BSE and NSE for 5,68,73,418 equity shares allotted on a preferential basis. These shares, issued at ₹41.38 each, represent a swap of shares with the shareholders of Neo Semi SG Pte. Ltd., Singapore. The allotment occurred on September 04, 2026, and the shares became effective for trading on October 08, 2026. The company's paid-up equity share capital has increased to ₹59,57,69,956 post-issue. A lock-in period is in effect until April 14, 2027.
Key Highlights
- Trading approval received from BSE & NSE for 5.68 Cr shares.
- Shares allotted on a preferential basis for share swap.
- Issue price was ₹41.38 per share.
- Effective trading date: October 08, 2026.
- Lock-in period until April 14, 2027.
Price Impact
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