MIC Electronics Invests INR 53.8 Cr in Step-Down Subsidiary Cellular Galaxy Electronics LLC, Dubai

MIC Electronics Ltd has invested INR 53.8 Cr in its step-down subsidiary, Cellular Galaxy Electronics LLC, Dubai. The investment was made by MIC Electronics' wholly-owned subsidiary, SOA Electronics Trading LLC, Dubai. The competent authority in Dubai has issued the necessary documents and approvals for the investment. Cellular Galaxy Electronics LLC is involved in the trading of electrical & electronic appliances, antennas, watches & clocks, photographic equipment, video games consoles, computer & data processing requisites, computers & peripheral equipment, electrical & electronic appliances spare parts, mobile phones & accessories, and paging receivers.