MoU13 Feb 2026, 11:21 am
MIC Electronics in MoU with Refit Global to Explore Strategic Transaction
AI Summary
MIC Electronics Ltd. has entered a Memorandum of Understanding (MoU) with Refit Global Private Limited to explore a potential strategic transaction. The transaction may include investment (equity/debt/hybrid), acquisition of shares/assets/business, share swap, preferential issue, or other mutually agreed arrangements. The collaboration aims to create a next-generation circular electronics platform for sustainable growth and digital inclusion.
Key Highlights
- MIC Electronics Ltd. has entered an MoU with Refit Global Private Limited
- The potential strategic transaction may include various forms of investment or acquisition
- The collaboration aims to create a next-generation circular electronics platform
- The transaction is subject to due diligence, internal approvals and regulatory approvals
- The proposed transaction is expected to drive sustainable growth, accelerate digital inclusion, and unlock unprecedented value across the refurbished electronics value chain